Citigroup Raises Quarterly Dividend by 13.3% to 51 Cents
July 18 2019 - 09:32AM
Dow Jones News
By Colin Kellaher
Citigroup Inc. (C) on Thursday said its board officially raised
the quarterly dividend by 13.3% to 51 cents from 45 cents.
The new payout, equal to $2.04 a year, represents an annual
yield of about 2.88% based on Wednesday's closing price of $70.82,
up from about 2.54%.
The New York banking giant in late June said it would raise the
dividend after its capital plan passed the Federal Reserve's annual
stress test.
Citigroup said the increased dividend is payable Aug. 23 to
shareholders of record Aug. 5.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 18, 2019 09:17 ET (13:17 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Citigroup (NYSE:C)
Historical Stock Chart
From Feb 2024 to Mar 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Mar 2023 to Mar 2024