Mario Tama/Getty Images News
Citigropup (NYSE:C) plans to increase its quarterly dividend by 5.7% to $0.56 per share from $0.53 per share, starting in Q3 2024, the bank said Friday, after the passing the annual Federal Reserve stress test.
Effective Oct. 1, 2024, Citi’s (C) indicative stress capital buffer requirement is 4.1%, down 20 basis points from the current 4.3%.
Similarly, the company’s preliminary standardized common equity tier 1 capital ratio regulatory requirement is 12.1%, down 20 bps from the current 12.3%.