AP NEWS

Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

December 7, 2018

PROVIDENCE, R.I.--(BUSINESS WIRE)--Dec 7, 2018--Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends payable on January 7, 2019, to preferred shareholders of record at the close of business on December 22, 2018:

● a semi-annual cash dividend of $37.00 per share on CFG’s 6.000% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B; and

● a quarterly cash dividend of $12.57 per share on CFG’s 6.375% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C. (1)

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $158.6 billion in assets as of September 30, 2018. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,900 ATMs and approximately 1,150 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

(1) Note: The Series C Preferred Stock dividend per share has been rounded for reader convenience. The precise amount of the Series C Preferred Stock dividend is $12.5729166667 per share.

CFG-IR

View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005539/en/

CONTACT: Media: Peter Lucht —781.655.2289

Investors: Ellen A. Taylor — 203.900.6854

KEYWORD: UNITED STATES NORTH AMERICA RHODE ISLAND

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Citizens Financial Group, Inc.

Copyright Business Wire 2018.

PUB: 12/07/2018 04:06 PM/DISC: 12/07/2018 04:06 PM

http://www.businesswire.com/news/home/20181207005539/en

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