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

Key Points

• Citigroup Inc. declared a quarterly dividend of $0.60 per share, which will be paid on November 26th to stockholders of record on November 3rd.
• The company has a dividend payout ratio of 23.9%, ensuring that its dividend is well covered by earnings, with projected earnings of $9.45 per share next year.
• Citigroup's stock recently traded at $96.18, surpassing its average trading volume, and is showing positive momentum with a revenue increase of 8.2% year-over-year.

Citigroup Inc. (NYSE:C - Get Free Report) announced a quarterly dividend on Monday, October 13th, RTT News reports. Stockholders of record on Monday, November 3rd will be given a dividend of 0.60 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%.

Citigroup has a dividend payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citigroup to earn $9.45 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 23.7%.

Citigroup Stock Performance

Shares of Citigroup stock traded up $2.25 during trading on Monday, hitting $96.18. 18,247,731 shares of the company's stock traded hands, compared to its average volume of 15,303,164. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup has a 1 year low of $55.51 and a 1 year high of $105.59. The stock has a market capitalization of $177.05 billion, a P/E ratio of 14.21, a PEG ratio of 0.83 and a beta of 1.37. The business has a 50-day simple moving average of $97.00 and a 200-day simple moving average of $83.87.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same period last year, the firm posted $1.52 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, analysts forecast that Citigroup will post 7.53 EPS for the current year.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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