On 1/11/17, 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 1/23/17. As a percentage of C.PRC's recent share price of $25.32, this dividend works out to approximately 1.43%, so look for shares of C.PRC to trade 1.43% lower - all else being equal - when C.PRC shares open for trading on 1/11/17. On an annualized basis, the current yield is approximately 5.74%, 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.PRC shares, versus C:
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 :
According to the ETF Finder at ETF Channel, Citigroup Inc (Symbol: C) makes up 6.63% of the iShares U.S. Financial Services ETF ( IYG ) which is trading lower by about 0.4% on the day Monday.
In Monday trading, Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C (Symbol: C.PRC) is currently up about 0.1% on the day, while the common shares (Symbol: C) are down about 0.1%.
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