Trending Assets
Top investors this month
Trending Assets
Top investors this month
Why did Warren Buffett buy $C?
Is it because of their high dividend yield?
Is it because their dividend growth rate has been aggressive during the past few years?
Is it because Buffett sees Citi's turnaround strategy looking to bear fruit in the near future?
According to a Motley Fool article:
"Citigroup is making the hard but seemingly right decisions in selling these international consumer banking operations...It could also leave a revenue hole at the bank. Additionally, rising expenses have hurt Citigroup's performance and near-term outlook, but it seems that management is finally spending the necessary amount to correct regulatory issues that have dogged the bank for years."
That quote is what I see to be an answer to the third question.
As for the answers to the first two questions, Citi's dividend yield is currently at 4.10%. As for its dividend growth rate, the company went from paying $0.01 per quarter in 2013 to paying $0.51 per quarter in 2022. Though Citi's dividend hike history has been all over the place, overall, the company has hiked its dividend aggressively over the past 9 years.
Here's a link to Citi's dividend history.
www.nasdaq.com
Citigroup, Inc. Common Stock (C) Dividends: Yield, History, and Payment Schedule | Nasdaq
Stay up-to-date on Citigroup, Inc. Common Stock (C) Dividends, Current Yield, Historical Dividend Performance, and Payment Schedule.
That’s one of the three trades I can remember failing recently. Held Citi for 1-2 years of flatline, had to move on. Looks like I should’ve waited another year or two🤣
Already have an account?