Friday, January 19, 2007

Citigroup Announces 10.2% Increase In Dividend

Today, Citigroup (C) announced a year YOY 10.2% increase in its first quarter 2007 dividend. The new dividend of 54 cents per quarter compares to 49 cents in the first quarter of 2006. The projected payout ratio on 2007 estimated earnings equals 48%. The 5-Year average payout ratio for Citigroup is approximately 38%.

(click on charts for larger image)

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