Citizens Financial Group, Inc. (CFG) in Providence, R.I., operates as the bank holding company for Citizens Bank, National Association (CBNA) in the United States. It recently raised CBNA’s prime lending rate to 4% from 3.5% and is well-positioned to benefit from the market’s expectation of further interest rate rises. Also, the company’s board of directors declared a second-quarter 2022 common stock dividend of $0.39 per share, which was paid on May 17, 2022, to shareholders of record at the close of business on May 3, 2022.
CFG also announced the pricing of $400 million of subordinated notes and $650 million of CBNA senior notes and intends to use the net proceeds for general corporate purposes.
