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Citigroup Inc. (NYSE: C)
January 20, 2005
Citigroup Announces 10% Increase in Common Dividend
to a Quarterly Rate of $0.44 per Share
20th Consecutive Year of Common Dividend Increases
New York — The Board of Directors of Citigroup (NYSE: C) approved a 10 percent increase to the quarterly dividend on the company’s common stock to 44 cents a share from 40 cents a share, payable on February 25, 2005, to stockholders of record on February 7, 2005.
Charles Prince, Chief Executive Officer of Citigroup, said: "We are proud of our continued strong performance and are very confident in the continuing earnings power of our company. This marks the 20th consecutive year that Citigroup has raised its dividend, 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, 2005, to holders of record on February 15, 2005. 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, 2005, to holders of record on February 15, 2005. 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, 2005, to holders of record on April 15, 2005. 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, 2005, to holders of record on April 15, 2005. 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, 2005, to holders of record on January 31, 2005. 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 leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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.