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Citigroup Declares Common Stock Dividends; 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 $0.51 quarterly dividend on common stock, payable on August 26, 2022, to stockholders of record by August 1, 2022. Various dividends on preferred stock were also announced, including a 5.950% fixed rate for Series A, payable August 1, 2022, and a 7.125% rate for Series J, payable September 30, 2022. These dividends reflect Citigroup's ongoing commitment to returning value to shareholders.
Positive
Declared a quarterly dividend of $0.51 per share for common stock.
Announced multiple dividends on preferred stocks, showcasing financial stability.
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 August 26, 2022 to stockholders of record on August 1, 2022.
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 August 1, 2022, to holders of record on July 22, 2022. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held.
– 5.900% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series B, payable August 15, 2022, to holders of record on August 5, 2022. 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 September 30, 2022, to holders of record on September 20, 2022. 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 August 15, 2022, to holders of record on August 5, 2022. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4296875 for each receipt held.
– 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T, payable August 15, 2022, to holders of record on August 5, 2022. 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, 2022, to holders of record on September 2, 2022. 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 August 1, 2022, to holders of record on July 22, 2022. 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 September 12, 2022, to holders of record on September 2, 2022. 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 18, to holders of record on August 8, 2022. 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 August 15, 2022, to holders of record on August 5, 2022. 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 more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Media: Danielle Romero-Apsilos (212) 816-2264
Investors: Jennifer Landis (212) 559-2718
Fixed Income Investors: Peter Demoise (212) 559-2718
Source: Citigroup Inc.
FAQ
What is the dividend amount declared by Citigroup for its common stock?
Citigroup declared a quarterly dividend of $0.51 per share on its common stock.
When will the common stock dividend be paid?
The common stock dividend will be paid on August 26, 2022.
What are the dividend payment dates for Citigroup's preferred stocks?
Payment dates vary: Series A on August 1, Series B on August 15, Series J on September 30, and several others on specific dates in August and September 2022.
What is the record date for Citigroup's common stock dividend?
The record date for the common stock dividend is August 1, 2022.
Is the dividend sustainable for Citigroup?
While the press release does not explicitly address sustainability, the declaration of dividends suggests a commitment to returning value to shareholders.
