Citigroup Announces 10% Increase in Common Dividend to Quarterly Rate of $0.54 per Share.22(nd) Consecutive Year of Common Dividend Increases NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Board of Directors of Citigroup (NYSE NYSE See: New York Stock Exchange : C) has approved a 10 percent increase to the quarterly dividend on the company's common stock to 54 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. from 49 cents per share, payable on February 23, 2007, to stockholders of record on February 5, 2007. Charles Prince For other persons named Charles Prince, see Charles Prince (disambiguation). Charles O. "Chuck" Prince, III, born January_13, 1950, is the chief executive officer (CEO) and chairman of Citigroup. , Chairman and Chief Executive Officer of Citigroup, said: "This year marks the 22nd year in a row that Citigroup has raised its dividend, reflecting our continued commitment to enhancing returns to our shareholders. The double-digit increase also reflects our confidence in the business model of Citigroup and the opportunities we see across our businesses. We look forward to building off our strong foundation to generate growth in 2007." The Board also declared dividends on preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. as follows: - Series F, payable March 1, 2007, to holders of record on February 15, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.795625 for each receipt held. - Series G, payable March 1, 2007, to holders of record on February 15, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.776625 for each receipt held. - Series H, payable May 1, 2007, to holders of record on April 13, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.778875 for each receipt held. - Series M, payable May 1, 2007, to holders of record on April 13, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.733 for each receipt held. Citigroup (NYSE: C), the leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and Banamex. Additional information may be found at www.citigroup.com |
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