Citigroup Inc. (C) to Distribute Quarterly Dividend of $0.67 on November 25th

Citigroup Inc. (NYSE:C) announced a quarterly dividend on Monday, October 19th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.67 per share on Wednesday, November 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd.

Citigroup has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citigroup to earn $13.09 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 20.5%.

Citigroup Price Performance

C opened at $122.56 on Wednesday. Citigroup has a 52-week low of $95.00 and a 52-week high of $147.96. The company has a 50 day moving average of $132.20 and a two-hundred day moving average of $132.05. The company has a market cap of $209.03 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.53 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter last year, the firm posted $1.86 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect that Citigroup will post 11.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. TD Cowen dropped their target price on shares of Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Weiss Ratings downgraded shares of Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a research note on Wednesday, October 14th. Finally, Loop Capital set a $155.00 target price on shares of Citigroup in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.79.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.