Understanding Citizens Financial Group's Ex-Dividend Date

On January 20, 2021, Citizens Financial Group CFG declared a dividend payable on February 17, 2021 to its shareholders. Citizens Financial Group also announced that shareholders on the company's books on or before February 3, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Citizens Financial Group will be on February 2, 2021. The company's current dividend payout is at $0.39. That equates to a dividend yield of 3.82% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Citizens Financial Group's Dividend History

Over the past year, Citizens Financial Group has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on January 28, 2020 the company's payout was $0.39, which has returned to its value today. Citizens Financial Group's dividend yield last year was 3.94%, which has since decreased by 0.12%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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