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:
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:
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%.
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