Citigroup Inc (C) Announces $0.32 Quarterly Dividend
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.
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.
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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.
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