Citigroup Inc. (NYSE:C) to Issue Quarterly Dividend of $0.60

Citigroup Inc. (NYSE:C) declared a quarterly dividend on Monday, January 12th. Stockholders of record on Monday, February 2nd will be paid a dividend of 0.60 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, February 2nd.

Citigroup has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Citigroup has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citigroup to earn $9.45 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 25.4%.

Citigroup Price Performance

Shares of Citigroup stock traded down $1.69 on Tuesday, reaching $116.01. The stock had a trading volume of 18,306,857 shares, compared to its average volume of 14,144,980. The company has a market cap of $207.57 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.47 and a beta of 1.18. Citigroup has a 1 year low of $55.51 and a 1 year high of $124.17. The business’s 50 day moving average is $109.48 and its two-hundred day moving average is $100.42. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same period in the previous year, the business posted $1.51 earnings per share. Citigroup’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that Citigroup will post 7.53 EPS for the current year.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.