Citigroup (NYSE:C) is sticking to its existing dividend policy for the time being. The massive bank has declared a quarterly common stock distribution of $0.01 per share, to be dispensed on November 22 to shareholders of record as of November 4. That amount keeps the payout in line with all of its predecessors stretching back to February 2009.
The company, which was hard-hit by last decade's financial crisis, reinstated its dividend in March 2011 after a more than two-year hiatus.
The just-declared distribution annualizes to $0.04 per share. That yields less than 0.1% at Citigroup's most recent closing stock price of $51.12.
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.