Citizens Financial Group (CFG) Raises Quarterly Dividend 20% to $0.12; 2.1% Yield

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Go back to Citizens Financial Group (CFG) Raises Quarterly Dividend 20% to $0.12; 2.1% Yield

Citizens Financial Group, Inc. Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15

April 21, 2016 6:50 AM EDT

Positive operating leverage of 3% on a year-over-year Adjusted basis*

Good traction continues on strategic growth and efficiency initiatives

Increased quarterly common stock dividend 20 percent to $0.12 per share

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG or Citizens") today reported first quarter net income of $223 million, or $0.41 per diluted common share, up 7% and 8%, respectively, from $209 million and $0.38 per diluted common share in first quarter 2015. First quarter 2016 net income increased 1% from $221 million in fourth quarter 2015 and diluted earnings per common share decreased $0.01 from $0.42 in fourth quarter... More