Citigroup Inc. (C, Financial) has announced a quarterly dividend of 32 cents per share. The dividend is payable on Nov. 22 with an ex-dividend date of Nov. 3.
The company has a trailing 12-month dividend yield of 1.09%. It last increased the dividend in August from 16 cents to the current rate of 32 cents. Its forward dividend yield is currently 1.76%.
The stock is currently trading at $73.41. For the year, it has gained 23.56%. It has a one-year return of 48.10% and a three-year return of 46.65%. It is tracking closely with the S&P Banks Select Industry Index, which has a one-year return of 32.72% and a three-year return of 49.59%.
In the company’s most recent third-quarter earnings report on Oct. 12, it beat revenue and earnings estimates. Revenue of $18.17 billion beat estimates by $270 million and increased 2.3% from the comparable quarter. Earnings per share of $1.42 beat estimates by 10 cents and increased from $1.24 in the comparable quarter.
Revenue of $18.17 billion contributed to total revenue of $54.2 billion for 2017, which is an increase of 3%. For the year, both of the company’s main business segments are reporting gains. Global consumer banking is up 3% at $24.3 billion and the institutional clients group is up 10% at $27.6 billion.
Earnings per share of $1.42 contributed to total earnings per share of $4.05, an increase of 13% for 2017. Third-quarter net income of $4.1 billion contributed to total net income of $12.1 billion for 2017, which is an increase of 7%. For the year, institutional clients group income is up 24% while global consumer banking is down 11%.
Citigroup currently has 2.64 billion shares outstanding with a market cap of $200.3 billion. Institutional investors own 77% of the outstanding shares. The company’s top institutional investor is Eagle Capital Management with 6.03% of the outstanding shares.
Disclosure: I do not own any shares of Citigroup.
