Citigroup (C) Declares $0.60 Quarterly Dividend with 1.98% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Declaration: Citigroup has declared a quarterly dividend of $0.60 per share, consistent with previous payouts, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 1.98% reflects the company's relative attractiveness in the current market environment, potentially increasing investor interest in its stock.
- Payment Schedule: The dividend will be payable on February 27, with a record date of February 2 and an ex-dividend date also on February 2, ensuring shareholders receive their returns promptly, thereby reinforcing shareholder confidence.
- Job Cuts: Citigroup plans to cut approximately 1,000 jobs this week; while this move may temporarily affect employee morale, it could ultimately help the company optimize operational efficiency and cost structure in the long run.
Analyst Views on C
Wall Street analysts forecast C stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for C is 115.10 USD with a low forecast of 104.50 USD and a high forecast of 134.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 121.320
Low
104.50
Averages
115.10
High
134.00
Current: 121.320
Low
104.50
Averages
115.10
High
134.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
