As per Citigroup Inc. (NYSE:C)’s news release on 2016-07-21, its shareholders will get cash dividend of $0.16 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-01 and 2016-08-26, respectively.
The stock will commence trading ex-dividend from 2016-07-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Citigroup Inc. (NYSE:C) disbursed $0.16 in dividend compared to distribution of $0.16, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 300.0001%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Citigroup Inc. (NYSE:C) to attain a price target of $55.214. It is an average estimate figure given by 14 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $65. The low price range is set at $45 for next year while the arithmetic mean is seen at 1.67.
Eyeing Earnings Citigroup Inc. (NYSE:C) is likely to post quarterly numbers around 2016-10-14 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.15 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Citigroup Inc. (NYSE:C) earnings came at $1.25 suggesting a deviation of $0.16. The brokerages targeted EPS of $1.09 for the quarter.
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