Citigroup Inc (NYSE:C) announced a quarterly dividend on Thursday, January 18th, RTT News reports. Shareholders of record on Monday, February 5th will be given a dividend of 0.32 per share by the financial services provider on Friday, February 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.65%.

Citigroup has increased its dividend payment by an average of 188.4% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Citigroup has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citigroup to earn $7.07 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 18.1%.

Citigroup (NYSE C) traded up $0.36 during trading hours on Thursday, hitting $77.47. The company’s stock had a trading volume of 20,958,300 shares, compared to its average volume of 16,783,809. Citigroup has a 1 year low of $55.23 and a 1 year high of $78.44. The stock has a market cap of $204,620.00, a PE ratio of -26.81, a P/E/G ratio of 1.23 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.36% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. equities analysts expect that Citigroup will post 6.16 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Nomura set a $87.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Citigroup in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price objective on shares of Citigroup in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $79.30.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/18/citigroup-inc-c-announces-0-32-quarterly-dividend.html.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Dividend History for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.