Citigroup announced today that the company will officially reinstate their quarterly dividend at $.01 per share in June.
Citigroup announced today that the company is offering a 1-for-10 reverse stock split and resuming their quarterly dividend at $.01 per share.
The Federal Reserve may soon allow some of the top bank stocks to raise their dividends.
Dividend investors will be interested to know that RBC is forecasting a significant dividend increase by the second quarter of 2011.
CEO Jamie Dimon said yesterday that investors will likely see no dividend increase coming from JP Morgan in 2010.
We likely will not see any dividend increases from financial stocks until at least the second half of this year and probably not until 2011.