Citigroup Declares Fresh Dividend

Citigroup (NYSE: C  ) has elected not to veer from its habit of paying $0.01 per share as a dividend. The company declared the latest in a long stretch of $0.01 distributions. This one will be handed out on August 23 to shareholders of record as of August 5. 

Since the financial crisis of the previous decade, the company has maintained that same disbursement, launching it in February 2009. At the time, it represented a steep drop from the preceding quarter's $0.16 per share. That, in turn, was a big fall from the $0.32 of the previous payout. 

The just-declared dividend annualizes to $0.04 per share. That yields 0.1% at Citigroup's current stock price of $51.79.

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  • Report this Comment On July 17, 2013, at 6:58 PM, swkwie wrote:

    May i ask Fool contributor Eric Volkman what so great to announce the one cent dividend to be paid by Citigroup to ordinary shareholders? It has been the norm since the stock started recovering from the subprime crisis.

  • Report this Comment On July 17, 2013, at 10:12 PM, TMFVolkman wrote:

    swkwie, you may indeed. Any time a bank the size and power of Citigroup announces a shareholder payout, it's news no matter how large, small, or typical it might be.

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