Citigroup Inc has a long history of paying dividends to its shareholders, dating back to 1936. The company has consistently paid dividends for over 85 years.
In 1936, Citigroup Inc paid its first dividend of $1.50 per share. This was a significant milestone for the company, marking the beginning of its commitment to returning value to shareholders.
Over the years, Citigroup Inc has maintained a strong dividend payment history, with some years seeing increases in the dividend amount.
For more insights, see: Whole Life Policy Dividends
Comparing with Other Stocks
Citigroup Inc. has a dividend yield of 2.75%, which is significantly lower than its peers in the sector, country, and world.
The percentile ranks table shows that Citigroup Inc.'s dividend yield is higher than 53% of companies in its country, but lower than most of its peers in the sector and the world.
Here's a comparison of Citigroup Inc.'s dividend metrics with some of its peers:
Citigroup Inc.'s dividend yield is higher than Bank Of America Corp's, but lower than Us Bancorp's.
Key Dates and Events
Let's take a look at the key dates and events related to Citigroup Inc's dividend history.
Citigroup's last dividend date was November 4, 2024.
The ex-date for Citigroup's last regular dividend was also on November 4, 2024.
Explore further: Brk B Dividend History
Dividend Payment Details
Citigroup pays a dividend of $2.18 per share on an annual basis.
The payout ratio for Citigroup is 61.6%, which is significantly higher than the Financial Services sector average of 45.5%.
This means that for every dollar Citigroup earns, it pays out 61.6 cents in dividends.
Citigroup's dividend payout ratio is exactly 61.6%, indicating that a substantial portion of its earnings go directly to shareholders.
Data and Statistics
Let's dive into the data and statistics surrounding Citigroup Inc's dividend history.
The annual dividend for Citigroup Inc is $2.24, which translates to a yield of 2.75%. This is a significant payout for investors who have held onto their shares for the long haul.
Citigroup Inc has a 5-year annualized dividend growth rate of 1.58%. This means that over the past five years, the company has consistently increased its dividend payments, albeit at a relatively slow pace.
In the last five years, Citigroup Inc has increased its dividend payments twice. This is a notable trend, as it suggests that the company is committed to rewarding its shareholders with higher dividend payments over time.
The payout ratio for Citigroup Inc is 38%. This is a relatively modest payout ratio, indicating that the company has a strong financial foundation and can sustain its dividend payments without straining its finances.
Here's a comparison of Citigroup Inc's dividend yield to its peers:
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