Citigroup to Reintroduce Dividend

Citigroup (C) will slash the number of common shares outstanding and reintroduce a dividend, taking another step in its long recovery from the brink of failure during the financial crisis. The NY-based bank said it will shrink the number of common shares outstanding to 2.9 billion from 29 billion through a 1-for-10 reverse stock split. It will start paying a quarterly dividend of 1 cent per share in the second quarter. Citi suspended dividend payouts two years ago. – Reuters

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.