Citigroup Inc (C) Plans Quarterly Dividend of $0.45

Citigroup Inc (NYSE:C) declared a quarterly dividend on Thursday, October 18th, RTT News reports. Investors of record on Monday, November 5th will be given a dividend of 0.45 per share by the financial services provider on Wednesday, November 21st. This represents a $1.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, November 2nd.

Citigroup has increased its dividend by an average of 188.4% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Citigroup has a payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citigroup to earn $7.59 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 23.7%.

C opened at $64.21 on Friday. The stock has a market cap of $165.02 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.46. Citigroup has a twelve month low of $63.18 and a twelve month high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. During the same period in the previous year, the business posted $1.42 earnings per share. Equities analysts predict that Citigroup will post 6.69 EPS for the current year.

C has been the topic of several recent analyst reports. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. TheStreet upgraded shares of Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. BMO Capital Markets boosted their target price on shares of Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Vining Sparks reiterated a “buy” rating and issued a $77.00 target price on shares of Citigroup in a report on Tuesday, October 9th. Finally, Oppenheimer boosted their target price on shares of Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average price target of $82.91.

In other news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Dividend History for Citigroup (NYSE:C)

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