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No Suspense Here: No Dividend Boost for Citi

Citigroup did not ask for a dividend increase from the Federal Reserve, and no one is surprised.

By Matt Koppenheffer and David Hanson – Mar 8, 2013 at 4:00PM EST

In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss the not-so-surprising announcement that Citigroup (C +2.12%) will not be requesting an increase to its dividend after the coming CCAR stress test results next week. After the bank failed the stress test last year embarrassingly, partly due to its request for a dividend increase that it was not prepared for, many were optimistic that the bank would be much more conservative this time around. Matt tells us why this announcement comes as good news, and has shares up today.  

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About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Stocks Mentioned

Citigroup Stock Quote
Citigroup
NYSE: C
$132.23
(+2.04%)+$2.65

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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