Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends

Rhea-AI Summary

The Board of Directors of Citigroup declared a quarterly dividend of $0.51 per share on common stock, payable on November 25, 2020, to stockholders of record as of November 2, 2020.

Preferred stock dividends include various rates for Series D, J, K, M, P, Q, and S, all payable in mid-November to early December 2020, with amounts ranging from $0.4296875 to $31.50.

Positive

• Quarterly dividend of $0.51 per share reinforces confidence in ongoing shareholder returns.
• Diverse preferred stock dividends provide multiple income opportunities for investors.

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 November 25, 2020 to stockholders of record on November 2, 2020.

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

– 5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable November 16, 2020, to holders of record on November 6, 2020. Holders of depositary receipts, each representing one-twenty-fifth 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 December 30, 2020, to holders of record on December 18, 2020. 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 November 16, 2020, to holders of record on November 6, 2020. 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 Noncumulative Preferred Stock, Series M, payable November 16, 2020, to holders of record on November 6, 2020. 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 November 16, 2020, to holders of record on November 6, 2020. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held.

– 3-month LIBOR + 4.095% Floating Rate Noncumulative Preferred Stock, Series Q, payable November 16, 2020, to holders of record on November 6, 2020. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $11.30241917 for each receipt held.

– 6.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series R, payable November 16, 2020, to holders of record on November 6, 2019. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $30.625 for each receipt held.

– 6.300% Noncumulative Preferred Stock, Series S, payable November 12, 2020, to holders of record on November 2, 2020. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.39375 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.

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