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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 February 26, 2021, to stockholders of record on February 1, 2021. Additionally, dividends on various preferred stocks were announced, with rates ranging from 4.000% to 7.125%. Payment dates for these dividends are scheduled between February and March 2021, benefiting shareholders holding depositary receipts. This move reflects Citigroup's ongoing commitment to providing returns to its investors.
Positive
Declaration of quarterly dividend of $0.51 per share indicates strong financial performance.
Consistent dividend payments on various preferred stocks enhance investor confidence.
Negative
None.
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.51 per share, payable on February 26, 2021 to stockholders of record on February 1, 2021.
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 February 1, 2021, to holders of record on January 22, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held.
– 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series B, payable February 16, 2021, to holders of record on February 5, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.50 for each receipt held.
– 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J, payable March 30, 2021, to holders of record on March 19, 2021. 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 February 16, 2021, to holders of record on February 5, 2021. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4296875 for each receipt held.
– 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series Q, payable February 16, 2021, to holders of record on February 5, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $11.029777777 for each receipt held.
– 6.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series R, payable February 16, 2021, to holders of record on February 5, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $12.139083333 for each receipt held.
– 6.300% Noncumulative Preferred Stock, Series S, payable February 12, 2021, to holders of record on February 1, 2021. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.39375 for each receipt held.
– 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T, payable February 16, 2021, to holders of record on February 5, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $31.25 for each receipt held.
– 5.000% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series U, payable March 12, 2021, to holders of record on March 2, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $25.00 for each receipt held.
– 4.700% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series V, payable February 1, 2021, to holders of record on January 22, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $23.50 for each receipt held.
– 4.000% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series W, payable March 10, 2021, to holders of record on February 26, 2021. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $10.00 for each receipt held.
Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
