Citizens Financial Group (CFG) hikes dividend by 13%
Citizens Financial Group (CFG) announced a 13.0% dividend increase to $0.52 per share quarterly on October 16, 2026. The latest hike marks the bank's second consecutive year of dividend growth, following a 9.5% increase in 2025.
The new quarterly dividend brings Citizens Financial Group's annualized payout to $2.08 per share. At a share price of $62.76, CFG offers a dividend yield of approximately 3.3%. The ex-dividend date is October 30, 2026.
Citizens Financial Group's 13.0% dividend increase is its largest in the seven-year period shown above. The latest hike follows a 9.5% increase in 2025, bringing the bank's current dividend growth streak to two consecutive years.
Before dividend growth resumed in 2025, CFG kept its quarterly payout unchanged in both 2023 and 2024. The bank previously increased its dividend by 7.7% in 2022 and 8.3% in 2020, while maintaining an unchanged payout in 2021.
At the new quarterly rate of $0.52 per share, Citizens Financial Group's estimated annual regular dividend distributions amount to approximately $876 million.
Citizens Financial Group is a US banking holding company headquartered in Providence, Rhode Island. Through Citizens Bank, it provides consumer and commercial banking services, including deposits, lending, wealth management and capital markets solutions.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.