Citigroup declares $0.67 common stock dividend

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Key Highlights

Citigroup Inc. declared a quarterly dividend of $0.67 per share on its common stock, payable on August 28, 2026, to shareholders of record on August 3, 2026. The company also announced dividends on 13 series of preferred stock, with payments scheduled for August 17, 2026. Holders of depositary receipts for preferred shares will receive varying amounts based on the specific series.

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Citigroup Inc. has declared a quarterly dividend of $0.67 per share on its common stock, payable on August 28, 2026, to shareholders of record on August 3, 2026. The announcement was made by the company's Board of Directors, confirming the payout schedule for common stockholders. The dividend declaration reflects Citigroup's ongoing commitment to returning capital to its shareholders.

In addition to the common stock dividend, Citigroup's Board declared dividends on multiple series of preferred stock. These dividends are payable on August 17, 2026, to holders of record on August 7, 2026. The payments cover a range of fixed-rate and fixed-rate reset noncumulative preferred stock series, with specific amounts allocated to holders of depositary receipts.

The following table details the dividends declared on each preferred stock series:

Preferred Stock Series Dividend per Depositary Receipt ($)
6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T 31.25
4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y 10.375
7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z 18.4375
7.625% Fixed Rate Reset Noncumulative Preferred Stock, Series AA 19.0625
7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB 18.00
7.125% Fixed Rate Reset Noncumulative Preferred Stock, Series CC 17.8125
7.000% Fixed Rate Reset Noncumulative Preferred Stock, Series DD 17.50
6.750% Fixed Rate Reset Noncumulative Preferred Stock, Series EE 16.875
6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF 17.375
6.875% Fixed Rate Reset Noncumulative Preferred Stock, Series GG 17.1875
6.625% Fixed Rate Reset Noncumulative Preferred Stock, Series HH 16.5625
6.250% Noncumulative Preferred Stock, Series II 0.390625
6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ 16.25

Holders of depositary receipts for each preferred stock series will receive the specified amounts per receipt held. The record date for all preferred stock dividends is August 7, 2026, ensuring that shareholders holding the stock on this date will be eligible for the payout. The payment date for all preferred stock dividends is uniformly set for August 17, 2026.

Citigroup operates as a global banking partner, serving institutions with cross-border needs, and is a leader in wealth management. The company provides a broad range of financial products and services in over 180 countries and jurisdictions. This dividend announcement underscores Citigroup's financial stability and its focus on delivering value to its investors.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will this dividend declaration impact Citigroup's ability to fund its ongoing restructuring and strategic initiatives?

What does the payout ratio suggest about Citigroup's earnings stability and future dividend growth potential?

How might the preferred stock dividends influence investor demand for Citigroup's fixed-income securities?

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Citigroup to redeem $1.5bn Series T preferred stock on Aug 15

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Key Highlights

Citigroup Inc. announced the full redemption of its 6.250% Series T preferred stock, totaling $1.5 billion. The redemption price of $1,000 per share will be paid on August 17, 2026. This action is intended to optimize the bank's capital structure and funding efficiency.

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Citigroup Inc. will redeem all $1.5 billion aggregate liquidation preference of its 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T. The redemption is part of the bank's ongoing efforts to enhance the efficiency of its funding and capital structure. The decision considers factors such as economic value, regulatory changes, potential impact on net interest margin, borrowing costs, and overall market conditions.

The redemption date is set for August 15, 2026. Holders will receive a cash redemption price of $1,000 per Depositary Share on August 17, 2026, which is the business day immediately following the redemption date. Dividends will cease to accrue on the Preferred Stock beginning on the redemption date, and the shares will no longer be outstanding as of the payment date.

Holders of record on a date to be declared by Citigroup's board of directors prior to the redemption date will receive the regular quarterly dividend. The dividend amount will be declared prior to the redemption date and will be payable on the redemption payment date.

Computershare Trust Company, N.A. is acting as the paying agent for the Depositary Shares. Inquiries regarding the notice of redemption and related materials should be directed to Computershare at its Corporate Actions department in Canton, Massachusetts, or via telephone at 1-888-250-3985.

Key Redemption Details

Detail Information
Total Aggregate Liquidation Preference $1.5 billion
Redemption Date August 15, 2026
Redemption Payment Date August 17, 2026
Cash Redemption Price per Share $1,000
Dividend Accrual Status Ceases August 15, 2026
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will this redemption impact Citigroup's net interest margin given the current interest rate environment?

What specific regulatory changes are driving the bank's decision to optimize its capital structure at this time?

Will Citigroup issue new preferred stock or other debt instruments to replace the redeemed Series T shares?

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