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Citigroup Inc. (NYSE: C)
January 20, 2004
Citigroup Announces 14% Increase in Common Dividend to a Quarterly Rate of $0.40 per Share
19th Consecutive Year of Common Dividend Increases
New York — The Board of Directors of Citigroup (NYSE: C) today approved a 14 percent increase to the quarterly dividend on the company’s common stock to 40 cents a share from 35 cents a share, payable on February 27, 2004, to stockholders of record on February 2, 2004.
Charles Prince, Chief Executive Officer of Citigroup, said: "We have a unique business platform and the strength of our performance is evident in our results. We are very confident in the continuing earnings power of our company. This marks the 19th consecutive year that Citigroup has raised its dividend since the predecessor company was founded, and we are committed to continue to enhance returns to our shareholders."
The Board also declared dividends on preferred stock as follows:
– Series F, payable March 1, 2004, to holders of record on February 13, 2004. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.795625 for each receipt held.
– Series G, payable March 1, 2004, to holders of record on February 13, 2004. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.776625 for each receipt held.
– Series H, payable May 1, 2004, to holders of record on April 15, 2004. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.778875 for each receipt held.
– Series M, payable May 1, 2004, to holders of record on April 15, 2004. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.733 for each receipt held.
– Series V, payable February 15, 2004, to holders of record on January 30, 2004. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.7325 for each receipt held.
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Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.