Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends

Rhea-AI Summary

Citigroup has declared its quarterly dividend payments for common and preferred stockholders. Common stockholders will receive $0.56 per share, payable on November 22, 2024, for holders of record as of November 4, 2024. The company also announced dividend payments for nine series of preferred stock (Series P, W, X, Y, Z, AA, BB, CC, and DD), with rates ranging from 3.875% to 7.625%, all payable in November 2024. Each preferred stock depositary receipt represents one-twenty-fifth of a full preferred share.

Positive

• Maintained quarterly common stock dividend of $0.56 per share
• Continued payment of preferred stock dividends across nine different series

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.56 per share, payable on November 22, 2024, to stockholders of record on November 4, 2024.

The Board of Directors of Citigroup Inc. also declared dividends on Citigroup’s preferred stock as follows:

– 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series P, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held.

– 4.000% Fixed Rate Reset Noncumulative Preferred Stock, Series W, payable December 10, 2024, to holders of record on November 27, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $10.00 for each receipt held.

– 3.875% Fixed Rate Reset Noncumulative Preferred Stock, Series X, payable November 18, 2024, to holders of record on November 8, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $9.6875 for each receipt held.

– 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $10.375 for each receipt held.

– 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $18.4375 for each receipt held.

– 7.625% Fixed Rate Reset Noncumulative Preferred Stock, Series AA, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $19.0625 for each receipt held.

– 7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $18.00 for each receipt held.

– 7.125% Fixed Rate Reset Noncumulative Preferred Stock, Series CC, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $32.85416667 for each receipt held.

– 7.000% Fixed Rate Reset Noncumulative Preferred Stock, Series DD, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $20.416666667 for each receipt held.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

View source version on businesswire.com: https://www.businesswire.com/news/home/20241023281192/en/

Media: Danielle Romero-Apsilos (212) 816-2264

Investors: Jennifer Landis (212) 559-2718

Source: Citigroup Inc.

FAQ

When will Citigroup (C) pay its next common stock dividend?

Citigroup will pay its common stock dividend of $0.56 per share on November 22, 2024, to stockholders of record as of November 4, 2024.

What is Citigroup's (C) current quarterly dividend per share?

Citigroup's current quarterly dividend is $0.56 per share for common stockholders.

How many preferred stock series is Citigroup (C) paying dividends for in November 2024?

Citigroup is paying dividends for nine preferred stock series (Series P, W, X, Y, Z, AA, BB, CC, and DD) in November 2024.

What is the highest preferred stock dividend rate among Citigroup's (C) series?

The highest preferred stock dividend rate is 7.625% for Series AA preferred stock.