Dividend Overview
Citigroup (C-PK) pays a quarterly dividend to its shareholders. The current dividend yield is 6.89%, which means that for every $100 invested at the current price, investors would receive approximately $6.89 in dividends per year (this can change based on future dividend payments and price movements).
About C-PK's Dividend
Citigroup pays a quarterly dividend of $0.43 per share, which totals $1.72 annually. This means that for each share you own, you'll receive $1.72 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was November 02, 2023. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Citigroup's payout ratio is 0.41% which means that 0.41% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Citigroup's dividend has grown by 0.00% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
C-PK Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.42969 | 6.89% | November 02, 2023 | November 15, 2023 | ||
| $0.42969 | 6.87% | August 03, 2023 | August 15, 2023 | ||
| $0.42969 | 6.94% | May 04, 2023 | |||
| $0.42969 | 6.81% | February 02, 2023 | February 15, 2023 | ||
| $0.42969 | 6.93% | November 03, 2022 | |||
| $0.42969 | 6.62% | August 04, 2022 | |||
| $0.42969 | 6.71% | May 05, 2022 | |||
| $0.42969 | 6.48% | February 03, 2022 | |||
| $0.42969 | 6.11% | November 04, 2021 | |||
| $0.42969 | 6.10% | August 05, 2021 | |||
| $0.42969 | 6.17% | May 06, 2021 | |||
| $0.42969 | 6.15% | February 04, 2021 | |||
| $0.42969 | 6.17% | November 05, 2020 | |||
| $0.42969 | 6.30% | August 06, 2020 | |||
| $0.42969 | 6.42% | May 04, 2020 | |||
| $0.42969 | 5.97% | February 06, 2020 | |||
| $0.42969 | 6.07% | October 31, 2019 | |||
| $0.42969 | 6.10% | August 01, 2019 | |||
| $0.42969 | 6.25% | May 02, 2019 | |||
| $0.42969 | 6.61% | January 31, 2019 | |||
| $0.42969 | 6.38% | November 01, 2018 | |||
| $0.42969 | 6.28% | August 02, 2018 | |||
| $0.42969 | 4.75% | May 03, 2018 | |||
| $0.42969 | 4.71% | February 01, 2018 | |||
| $0.42969 | 4.45% | November 02, 2017 | |||
| $0.42969 | 4.37% | August 02, 2017 | |||
| $0.42969 | 6.30% | February 01, 2017 | |||
| $0.42969 | 6.14% | November 02, 2016 | |||
| $0.42969 | 5.86% | August 03, 2016 | |||
| $0.42969 | 6.29% | May 03, 2016 | |||
| $0.42969 | 6.38% | February 03, 2016 | |||
| $0.42969 | 6.28% | November 03, 2015 | |||
| $0.42969 | 6.36% | August 03, 2015 | |||
| $0.42969 | 6.44% | May 01, 2015 | |||
| $0.42969 | 6.45% | February 03, 2015 | |||
| $0.42969 | 4.90% | November 03, 2014 | |||
| $0.42969 | 3.26% | August 01, 2014 | |||
| $0.42969 | 1.62% | May 01, 2014 | |||
| $0.5013 | 1.99% | February 03, 2014 |
Dividend Growth
Citigroup (C-PK) dividend payments have grown 0.25% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for C-PK
- Dividend Payout Ratio: 0.41% Low risk
- Dividend & Capex Coverage Ratio: -1.68x Weak coverage
- Dividend Frequency: Quarterly
- Recent Dividend Growth: 0.00% Positive
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Citigroup's payout ratio is 0.41% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of -1.68x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio below 1.0x indicates Citigroup may need to use cash reserves or debt to fund dividends and investments, which could be unsustainable long-term.
Citigroup's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
Citigroup's dividend growth rate of 0.00% is positive but modest, indicating steady but cautious dividend policies.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.