Citigroup to Execute a 1-for-10 Reverse Split

Citigroup (C) will start trading on Monday at around $45 a share, as a result of a 1-for-10 reverse split. Citi’s stock was trading at about $4.52 Friday. Citigroup, the third-largest U.S. bank by assets, said it will reinstate a one-cent quarterly dividend in Q2 of this fiscal year following the split.