Citigroup Inc (NYSE:C) will start trading ex-dividend

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Dallas, Texas 08/01/2013 (Financialstrend) – On August 1, 2013, Citigroup Inc (NYSE: C) will start trading ex-dividend. A cash dividend compensation of $0.01 per share is planned to be paid on August 23, 2013. Stockholders who purchased the firm stock prior to the ex-dividend date are qualified for the cash dividend compensation. This marks the 11th quarter that the firm has paid the same dividend. At the current share price, the dividend yield is .08 percent. Citigroup Inc (NYSE:C) is a part of the finance sector that includes various companies. The firm’s current earnings per share, an indicator of an organization’s profitability is $3.1. The earnings growth for Citigroup Inc (NYSE: C) forecasted as 26.75% that was compared to an industry average of 6.1%.

An ex-employee of Citigroup was sentenced to more than 4 years in top-security prison for thieving $1.3 million from a 98 year old former organization partner at investment bank Salomon Brothers. The judge ordered Karen Febles, an executive assistant at Citibank, to pay more than $1.1 million in reimbursement. The firm has announced that it was not responsible for the theft because Febles was acting outside the capacity of her employment in handling Salmon’s personal finances.

Citigroup Inc (NYSE:C) had presented gains of 0.70% with the trading on Thursday and had thereby closed at $52.14 per share. While the stock opened at $51.71 per share, there had been fluctuations in the intraday prices ranging between $51.71 and $52.96 per share during the day. The 52 week low price for the stock is presently at $26.00 and 52 week high price is at $53.56 per share. There are a total 3.04 billion shares in the market valuing to a market cap of $158.56 billion. The stock witnessed around 27.87 million shares being exchanged hands on Thursday while the average level of trading is at 29.93 million shares a day.

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