dividend
confidence high
sentiment positive
materiality 0.60
Citigroup SCB requirement drops 20bps to 4.1%; dividend to $0.56
CITIGROUP INC
- SCB requirement decreases 20 bps to 4.1% effective Oct 1, 2024; final SCB by Aug 31, 2024.
- Preliminary CET1 requirement down 20 bps to 12.1%; CET1 ratio 13.5% as of Mar 31, 2024.
- Quarterly dividend to rise from $0.53 to $0.56 per share starting Q3 2024 (board approval).