Citigroup raises dividend by 11.7% to $0.67 a share
Seeking Alpha ·
Citigroup ( C ) declares $0.67/share quarterly dividend , 11.7% increase from prior dividend of $0.60. Payable Aug. 28; for shareholders of record Aug. 3; ex-div Aug. 3. The company raised its quarterly dividend by 11.7% after paying a quarterly
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Citigroup announced an 11.7% increase in its quarterly dividend from $0.60 to $0.67 per share. The dividend hike is scheduled to be paid on August 28 to shareholders of record as of August 3. This strengthening of shareholder return policies demonstrates the bank's sound financial health and robust cash generation capabilities. Investors are positively evaluating the increased dividend appeal of large-cap financials, making it a timely moment to consider capital inflows.
상승 영향
- Banks — Citigroup's 11.7% quarterly dividend hike proves improved capital soundness and expanded shareholder returns, boosting the investment appeal of major financial stocks overall.
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