Markets

Citigroup Citigroup Capital IX 6.00% Capital Securities Goes Ex-Dividend Soon

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 1/31/17, Citigroup Inc's Citigroup Capital IX 6.00% Capital Securities (Symbol: C.PRS) will trade ex-dividend, for its quarterly dividend of $0.3937, payable on 2/13/17. As a percentage of C.PRS's recent share price of $26.09, this dividend works out to approximately 1.51%, so look for shares of C.PRS to trade 1.51% lower - all else being equal - when C.PRS shares open for trading on 1/31/17. On an annualized basis, the current yield is approximately 6.05%, which compares to an average yield of 5.63% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of C.PRS shares, versus C:

Performance Comparison Chart

Below is a dividend history chart for C.PRS, showing historical dividends prior to the most recent $0.3937 on Citigroup Inc's Citigroup Capital IX 6.00% Capital Securities:

C.PRS+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Citigroup Inc (Symbol: C) makes up 6.19% of the iShares U.S. Financial Services ETF ( IYG ) which is trading lower by about 0.5% on the day Friday.

In Friday trading, Citigroup Inc's Citigroup Capital IX 6.00% Capital Securities (Symbol: C.PRS) is currently up about 0.2% on the day, while the common shares (Symbol: C) are down about 0.6%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

C.PRS IYG C

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More