Citigroup Boosts Quarterly Dividend 12% to $0.67 After Fed Stress Test
Summary
Citigroup will increase its quarterly common dividend by 12% to $0.67 per share, exceeding prior media expectations. This capital return decision follows the successful completion of the U.S. Federal Reserve's annual stress test, signaling robust financial health and regulatory approval. It complements the $30 billion multi-year share repurchase program previously authorized.
At the time of this announcement, C was trading at $144.50 on NYSE in the Finance sector, with a market capitalization of approximately $246.2B. The 52-week trading range was $79.88 to $147.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.