Citigroup Inc. (C) to Distribute Quarterly Dividend of $0.60 on February 27th

Citigroup Inc. (NYSE:C) declared a quarterly dividend on Monday, January 12th. Investors of record on Monday, February 2nd will be paid a dividend of 0.60 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, February 2nd.

Citigroup has increased its dividend payment by an average of 0.0%annually over the last three years and has raised 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. Equities research analysts expect Citigroup to earn $9.45 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 25.4%.

Citigroup Stock Performance

Shares of Citigroup stock opened at $116.01 on Wednesday. Citigroup has a one year low of $55.51 and a one year high of $124.17. The company has a 50-day simple moving average of $109.78 and a two-hundred day simple moving average of $100.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $207.57 billion, a PE ratio of 16.29, a P/E/G ratio of 0.45 and a beta of 1.18.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. Research analysts expect that Citigroup will post 7.53 EPS 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.