CFG-D Citizens Financial ADRs of 6.350% Fixed-to-Floating Rate Non-Cumulative Preferred Series D
Holders will be entitled to receive dividend payments only when, as and if declared by our board of directors (or a duly authorized committee of the board). From the date of original issue to, but excluding, April 6, 2024, dividends will be payable at a rate of 6.350% per annum, payable quarterly, in arrears, on January 6, April 6, July 6 and October 6 of each year, beginning on April 6, 2019 and ending on April 6, 2024. From and including April 6, 2024, dividends will be payable at a floating rate equal to three-month LIBOR plus a spread of 3.642% per annum, payable quarterly, in arrears, on January 6, April 6, July 6 and October 6 of each year, beginning on July 6, 2024. Dividends on the Series D Preferred Stock will be non-cumulative. We may, at our option, redeem the shares of the Series D Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after April 6, 2024. We may, at our option, redeem the Series D Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after April 6, 2024, or (ii) in whole but not in part, at any time within 90 days following a Regulatory Capital Treatment Event (as defined herein), in each case at a redemption price of $1,000 per share (equivalent to $25 per Depositary Share), plus any declared and unpaid dividends to, but excluding, the date fixed for redemption, without accumulation of any undeclared dividends. This security was issued by Citizens Financial Group Inc, whose common stock symbol is CFG.
$23.64 +0.75 (3.26%)
As of 03/27/2023 11:12:40 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Banks-Regional
Index country: USA
Country of incorporation: USA
IPO date: 01/30/2019
Outstanding shares: 12,000,000
Average volume: 5,530
Market cap: $303,360,000
Current dividend yield: 6.28% calculation
Initial coupon rate: 6.350%
Spread to LIBOR: 0.036420
Cumulative: No
Liquidation value: $25.00
Callable after: 04/06/2024
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BGPFT82