Citigroup Inc. (C) To Go Ex-Dividend on November 2nd

Citigroup Inc. (NYSE:C) declared a quarterly dividend on Monday, October 19th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.67 per share on Wednesday, November 25th. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd.

Citigroup has a dividend payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citigroup to earn $13.10 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 20.5%.

Citigroup Stock Performance

Shares of C opened at $122.62 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The stock has a market cap of $209.14 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.55 and a beta of 1.13. The business’s 50 day moving average price is $130.02 and its 200-day moving average price is $126.44. Citigroup has a 52 week low of $95.83 and a 52 week high of $147.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company had revenue of $23.84 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Citigroup will post 11.44 earnings per share for the current fiscal year.

Institutional Trading of Citigroup

Several institutional investors and hedge funds have recently added to or reduced their stakes in C. CFS Investment Advisory Services LLC increased its stake in Citigroup by 0.4% during the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock worth $2,336,000 after acquiring an additional 79 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Citigroup by 1.8% during the 3rd quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after purchasing an additional 79 shares during the period. American Trust increased its position in Citigroup by 3.6% during the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after purchasing an additional 80 shares in the last quarter. Invst LLC increased its position in Citigroup by 0.8% during the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after purchasing an additional 80 shares in the last quarter. Finally, Tsfg LLC increased its position in Citigroup by 4.9% during the 2nd quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.