Markets

Ex-Div Reminder for Citigroup Fixed Rate/Floating Rate Trust Preferred Securities

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On 1/25/17, Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (Symbol: C.PRN) will trade ex-dividend, for its quarterly dividend of $0.4586, payable on 1/30/17. As a percentage of C.PRN's recent share price of $26.02, this dividend works out to approximately 1.76%, so look for shares of C.PRN to trade 1.76% lower - all else being equal - when C.PRN shares open for trading on 1/25/17. On an annualized basis, the current yield is approximately 7.05%, which compares to an average yield of 5.66% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of C.PRN shares, versus C:

Performance Comparison Chart

Below is a dividend history chart for C.PRN, showing historical dividends prior to the most recent $0.4586 on Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities:

C.PRN+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Citigroup Inc (Symbol: C) makes up 6.34% of the iShares U.S. Financial Services ETF ( IYG ) which is trading lower by about 0.6% on the day Monday.

In Monday trading, Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (Symbol: C.PRN) is currently trading flat on the day, while the common shares (Symbol: C) are down about 0.7%.

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.PRN IYG C

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