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Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
The Board of Directors of Citigroup declared a quarterly dividend of $0.51 per share on its common stock, payable on May 26, 2023, to shareholders of record by May 1, 2023. Additionally, dividends for various preferred stocks were announced, including:
5.950% Series A: $21.68327333 payable April 28, 2023
5.900% Series B: $22.481325833 payable May 15, 2023
5.350% Series D: $26.75 payable May 15, 2023
7.125% Series J: $0.4453125 payable June 30, 2023
This demonstrates Citi's commitment to returning value to shareholders.
Positive
Quarterly dividend of $0.51 per share enhances shareholder value.
Consistent payment schedule for preferred stocks reinforces investor confidence.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.51 per share, payable on May 26, 2023, to stockholders of record on May 1, 2023.
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 A, payable April 28, 2023, to holders of record on April 18, 2023. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $21.68327333 for each receipt held.
– 5.900% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series B, payable May 15, 2023, to holders of record on May 5, 2023. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $22.481325833 for each receipt held.
– 5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable May 15, 2023, to holders of record on May 5, 2023. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $26.75 for each receipt held.
– 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J, payable June 30, 2023, to holders of record on June 16, 2023. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4453125 for each receipt held.
– 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K, payable May 15, 2023, to holders of record on May 5, 2023. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4296875 for each receipt held.
– 6.300% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series M, payable May 15, 2023, to holders of record on May 5, 2023. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $31.50 for each receipt held.
– 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series P, payable May 15, 2023, to holders of record on May 5, 2023. 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/Floating Rate Noncumulative Preferred Stock, Series W, payable June 12, 2023, to holders of record on June 2, 2023. 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 May 18, 2023, to holders of record on May 8, 2023. 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/Floating Rate Noncumulative Preferred Stock, Series Y, payable May 15, 2023, to holders of record on May 5, 2023. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $10.375 for each receipt held.
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 nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
