Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends

Rhea-AI Summary

Citigroup's Board of Directors has declared a quarterly dividend of $0.56 per share on its common stock, payable on August 23, 2024, to stockholders of record on August 5, 2024. The board also announced dividends on various series of preferred stock, including Series M, T, U, V, W, X, Y, Z, AA, and BB, with payment dates ranging from July 30 to September 12, 2024. Dividend amounts for preferred stock vary, with holders of depositary receipts receiving payments between $9.6875 and $31.80 per receipt, depending on the series.

Citi, a global leader in banking and wealth management, operates in nearly 180 countries, providing a wide range of financial products and services to corporations, governments, investors, institutions, and individuals.

Positive

• Consistent dividend payment indicates financial stability
• Diverse preferred stock offerings provide multiple investment options
• Global presence in nearly 180 countries suggests strong market position

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 August 23, 2024 to stockholders of record on August 5, 2024.

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

– 6.300% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series M, payable August 15, 2024, to holders of record on August 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $23.01786333 for each receipt held.

– 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T, payable August 15, 2024, to holders of record on August 5, 2024. 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 September 12, 2024, to holders of record on August 30, 2024. 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 July 30, 2024, to holders of record on July 19, 2024. 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 Reset Noncumulative Preferred Stock, Series W, payable September 10, 2024, to holders of record on August 30, 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 August 19, 2024, to holders of record on August 9, 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 August 15, 2024, to holders of record on August 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 August 15, 2024, to holders of record on August 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 August 15, 2024, to holders of record on August 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 August 15, 2024, to holders of record on August 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $31.80 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 nearly 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/20240718505995/en/

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

Investors: Jennifer Landis (212) 559-2718

Source: Citigroup Inc.

FAQ

What is Citigroup's (C) quarterly dividend on common stock for August 2024?

Citigroup (C) has declared a quarterly dividend of $0.56 per share on its common stock, payable on August 23, 2024, to stockholders of record on August 5, 2024.

When is the record date for Citigroup's (C) common stock dividend in August 2024?

The record date for Citigroup's (C) common stock dividend is August 5, 2024.

How many preferred stock series did Citigroup (C) declare dividends for in this announcement?

Citigroup (C) declared dividends for 10 preferred stock series: M, T, U, V, W, X, Y, Z, AA, and BB.

What is the dividend amount for Citigroup's (C) Series BB preferred stock?

For Citigroup's (C) 7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB, holders of depositary receipts will be paid $31.80 for each receipt held.