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

Citigroup Inc. (NYSE:C) declared a quarterly dividend on Monday, January 12th. Investors of record on Monday, February 2nd will be paid a dividend of 0.60 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, February 2nd.

Citigroup has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Citigroup has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citigroup to earn $9.45 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 25.4%.

Citigroup Trading Up 0.4%

NYSE:C opened at $115.68 on Friday. Citigroup has a 12-month low of $55.51 and a 12-month high of $124.17. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. The stock’s 50 day simple moving average is $113.67 and its 200-day simple moving average is $103.00. The firm has a market cap of $206.98 billion, a P/E ratio of 16.60, a PEG ratio of 0.74 and a beta of 1.18.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. The firm had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. Citigroup’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. Equities analysts anticipate that Citigroup will post 7.53 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on C shares. Wolfe Research reaffirmed an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Truist Financial raised their target price on Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research note on Thursday, January 15th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Bank of America upped their target price on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.56.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.