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.
Fool contributor Eric Volkman has no position in Citigroup. The Motley Fool owns shares of Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.