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Citigroup Noncumulative Preferred Stock, Series C Goes Ex-Dividend Soon

On 10/7/15, Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C (Symbol: C.PRC) will trade ex-dividend, for its quarterly dividend of $0.3625, payable on 10/22/15. As a percentage of C.PRC's recent share price of $25.01, this dividend works out to approximately 1.45%, so look for shares of C.PRC to trade 1.45% lower - all else being equal - when C.PRC shares open for trading on 10/7/15. On an annualized basis, the current yield is approximately 5.82%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of C.PRC shares, versus C:

Performance Comparison Chart

Below is a dividend history chart for C.PRC, showing historical dividends prior to the most recent $0.3625 on Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C :

C.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Citigroup Inc (Symbol: C) makes up 7.17% of the iShares U.S. Financial Services ETF ( IYG ) which is trading up by about 2.2% on the day Monday.

In Monday trading, Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C (Symbol: C.PRC) is currently up about 0.4% on the day, while the common shares (Symbol: C) are up about 2.4%.

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.

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