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C Citigroup Inc

59.19
0.87 (1.49%)
20 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Citigroup Inc NYSE:C NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.87 1.49% 59.19 59.439 58.23 58.23 13,410,058 00:59:34

Citigroup Raises Quarterly Dividend by 13.3% to 51 Cents

18/07/2019 2:32pm

Dow Jones News


Citigroup (NYSE:C)
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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.

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