Citigroup Inc. Announces Quarterly Dividend of $0.60 (NYSE:C)

Citigroup Inc. (NYSE:C) announced a quarterly dividend on Thursday, April 2nd. Stockholders of record on Monday, May 4th will be paid a dividend of 0.60 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th.

Citigroup has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Citigroup has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citigroup to earn $12.38 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 19.4%.

Citigroup Stock Down 0.4%

Shares of Citigroup stock traded down $0.54 during trading hours on Friday, hitting $127.44. 10,614,678 shares of the company’s stock traded hands, compared to its average volume of 10,627,126. The stock has a 50 day simple moving average of $117.01 and a 200-day simple moving average of $112.16. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a market cap of $218.55 billion, a PE ratio of 15.79, a PEG ratio of 0.57 and a beta of 1.14. Citigroup has a twelve month low of $69.17 and a twelve month high of $135.29.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. The company had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. Equities research analysts anticipate that Citigroup will post 10.66 earnings per share for the current fiscal year.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.