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Citigroup Board Initiates $30 Billion Share Repurchase and Declares Dividend

Citigroup logoCitigroup
Sig2.31Sen+1.98Env0.00Soc0.00Gov+0.64

Citigroup reported that its board began a share repurchase program on May 7 that allows the company to buy back up to $30 billion in shares. The company also declared a quarterly dividend to be paid Aug. 28, with a payout ratio of 28.94%. Korea Investment CORP cut its stake, while other institutional investors adjusted positions.

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