Citizens Financial: Increasing Profit Makes 7.3% Preferred Dividend Yield Safer

What happened: A Seeking Alpha analyst published a piece on Citizens Financial, arguing that increasing profit makes the 7.3% preferred dividend yield safer. The author holds a long position in CFG.PR.E and a small long position in CFG common shares. Key numbers: 7.3% preferred dividend yield. Why it matters: The author frames rising rates as pressuring fixed income prices and says he would add to the common position on further weakness.

Rising profit strengthens coverage of Citizens Financial's 7.3% preferred dividend.

Rising profit strengthens coverage of Citizens Financial's 7.3% preferred dividend. — impact context not separately stored; see What changed.