Citizens Financial Group Boosts Dividend by 9.5%
The move signals confidence in the bank's financial health and commitment to shareholder returns after a strong third quarter.
Citizens Financial Group, Inc. (NYSE: CFG) announced a significant boost to its shareholder returns, with its board of directors approving a 9.5% increase to the company's quarterly common stock dividend. The dividend will rise from $0.42 to $0.46 per share, a move that reflects the bank's robust financial standing and strategic confidence following a strong third-quarter performance.
The increased dividend is payable on November 12, 2025, to shareholders of record as of October 29, 2025. This decision underscores the company's commitment to delivering value to its investors and signals a positive outlook on its capital position and earnings power. The is a direct result of the company's recent financial success.
Fueling this confidence, Citizens Financial reported third-quarter results that surpassed analyst expectations. The bank posted a net income of $494 million, or $1.05 per share, on revenue that climbed 11.6% year-over-year to $2.12 billion. This performance was driven by strong growth in both net interest income and noninterest income, demonstrating the bank's diversified revenue streams. Furthermore, the company's Common Equity Tier 1 (CET1) capital ratio improved to a healthy 10.7%, indicating a solid and secure capital base.
The move was well-received by the market and aligns with a positive sentiment among analysts. Wall Street currently holds a "Strong Buy" consensus on CFG stock, based on 13 buy ratings and three hold ratings. The from its current trading level, reflecting a bullish outlook on the bank's future performance.
This dividend increase is a key part of Citizens Financial Group's capital allocation strategy, which prioritizes sustainable growth and consistent shareholder returns. By increasing its dividend, the bank not only rewards its current investors but also signals its financial stability to the broader market, making it an attractive proposition for income-focused portfolios. The decision is backed by a sustainable payout ratio and , positioning the bank for continued success.