Citizens Financial Group 6.35% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D
By: Tim McPartland,
Date Issued 1/22/2019
S&P Rating BB+ Moodys Rating NR
Shares Sold 12,000,000 Overallotment Shares 0
Security Ticker Symbol CFG-D
Market Traded ON NYSE
Dividend Payment Paid on the 6th of January, April, July and October beginning on 6/06/2019
Quarterly Dividend .397 Annual Dividend 1.59
The coupon is fixed at 6.35% until 4/5/2024 after which it will float at a rate of 3 month Libor plus a spread of 3.642%.
Securities may be redeemed, at the issuers option, as early as 04/06/2024 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Citizens Financial Group
Click here to find the offering Prospectus and Final Pricing Document
Related Posts:
Tim McPartland
Connect with Tim McPartland
