The bank increases its quarterly payout to $0.67 from $0.60, marking an 11.7% rise and a forward yield of 2.02%.
Citigroup raised its quarterly dividend by 11.7% to $0.67 per share, up from the prior $0.60. The move follows a period of steady payouts and reflects the bank’s confidence in its capital position.
The new dividend yields 2.02% on a forward basis. The payment will be made on August 28 to shareholders of record as of August 3, with an ex-dividend date set for August 3.
The increase aligns with broader sector trends as large banks seek to return more capital to investors amid stable earnings growth.