Citigroup Inc has a long history of paying dividends to its shareholders, with the first dividend payment made in 1865. The company has consistently maintained a strong dividend payout ratio, with an average payout ratio of 24% over the past 10 years.
Citigroup Inc has a market capitalization of over $150 billion, making it one of the largest financial institutions in the world. This size and scale provide a solid foundation for the company's dividend payments.
As of 2022, Citigroup Inc's dividend yield is around 3.5%, which is relatively competitive compared to other large-cap financial institutions. This yield indicates the potential return on investment for shareholders.
The company's dividend growth rate has been steady, with an average annual growth rate of 5% over the past 5 years. This consistent growth demonstrates the company's commitment to rewarding its shareholders.
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Dividend Information
Citigroup Inc. declares a quarterly dividend on its common stock, with the most recent dividend being $0.53 per share, payable on May 24, 2024, to stockholders of record on May 6, 2024.
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The company also declares dividends on its preferred stock, with various series having different dividend rates and payment dates. For example, the 5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, has a dividend rate of $22.5865 per depositary receipt.
Citigroup Inc. pays dividends on a quarterly basis, with the ex-dividend date being the date by which buyers must purchase shares to receive the next dividend payment. The next dividend payment is planned for February 28, 2025.
The company has a dividend yield of 2.86% and a payout ratio of 61.88%, indicating that a significant portion of its earnings are paid out as dividends. The annual dividend is $2.24 per share, and the company has increased its dividends for 3 consecutive years.
Citigroup Inc. is a preeminent banking partner for institutions with cross-border needs and a global leader in wealth management, with a presence in nearly 160 countries and jurisdictions.
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Investment Analysis
Citigroup Inc.'s dividend yield is a crucial metric for investors to consider. Its current value of 2.75% is a significant percentage of the current stock price paid out as dividends to shareholders.
The percentile ranks table provides a way to compare Citigroup Inc.'s dividend yield to its sector, country, and the world. This allows investors to quickly evaluate its relative stability and growth potential.
A value of 0.48 relative to the sector means that Citigroup Inc.'s dividend yield is higher than 48% of companies in its sector. This is a notable advantage for investors looking for a stable dividend income.
The table also shows that Citigroup Inc.'s dividend yield is higher than 53% of companies in its country, with a value of 0.53. This suggests that the company's dividend yield is relatively strong compared to its peers.
Here's a summary of the percentile ranks table:
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