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 ONÂ Â 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
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Company Investor Relations Page for Citizens Financial Group
Click here to find the offering Prospectus and Final Pricing Document
