Citigroup Declares Common Stock Dividend; Board of Directors Approves $1.2
Billion Common Stock Repurchase Program
NEW YORK -- April 25, 2013
The Board of Directors of Citigroup Inc. today declared a quarterly dividend
on Citigroup’s common stock of $0.01 per share, payable on May 24, 2013 to
stockholders of record on May 6, 2013.
The Board of Directors also approved a $1.2 billion common stock repurchase
program through the first quarter of 2014. As previously announced, the
repurchase program was part of the planned capital actions included by Citi in
its 2013 Comprehensive Capital Analysis and Review (CCAR) and is intended to
offset estimated dilution created by Citi’s annual incentive compensation
Repurchases by Citi under the common stock repurchase program may be effected
from time to time through open market purchases, trading plans established in
accordance with U.S. Securities and Exchange Commission rules or other means,
depending on satisfactory market conditions, applicable legal requirements and
other factors. The common stock repurchase program does not obligate Citi to
repurchase any particular amount of common stock, and it may be suspended at
any time at Citi’s discretion.
Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Certain statements in this press release, including those regarding Citi’s
$1.2 billion common stock repurchase program, are "forward-looking statements"
within the meaning of the rules and regulations of the U.S. Securities and
Exchange Commission. These statements are based on management's current
expectations and are subject to uncertainty and changes in circumstances.
Actual results and capital and other financial condition may differ materially
from those included in these statements due to a variety of factors, including
but not limited to satisfactory market conditions and any other conditions
that may be included in any Citi common stock repurchase program, as well as
those factors contained in Citi's filings with the U.S. Securities and
Exchange Commission, including the "Risk Factors" section of Citi's 2012
Annual Report on Form 10-K. Precautionary statements included in such filings
should be read in conjunction with this release. Any forward-looking
statements made by or on behalf of Citi speak only as to the date they are
made, and Citi does not undertake to update forward-looking statements to
reflect the impact of circumstances or events that arise after the date the
forward-looking statements were made.
Mark Costiglio, 212-559-4114
Shannon Bell, 212-793-6206
Susan Kendall, 212-559-2718
Fixed Income Investors:
Peter Kapp, 212-559-5091
Press spacebar to pause and continue. Press esc to stop.