Citigroup (C) did not request a dividend increase in its Capital Plan submitted to the Fed, but...

Citigroup (C) did not request a dividend increase in its Capital Plan submitted to the Fed, but did propose a $1.2B buyback program and the maintenance of its $0.01 dividend. (Presentation, pg. 14) (Previous: Stress test results)

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Comments (6)
  • SHANE06
    , contributor
    Comments (36) | Send Message
    A very disappointing move by Citi. Their submission lacks confidence and puts their very patient but abused shareholders in the doldrums for yet another year .It is difficult to understand why they did not opt for an increase in their paltry dividend..
    7 Mar 2013, 05:56 PM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
    Yes, shane....couldn't agree with you more. Extremely disappointing and hurtful. What a shame!! No reward for faithfully supporting Citi through so many years.
    7 Mar 2013, 06:49 PM Reply Like
  • Ted Bear
    , contributor
    Comments (712) | Send Message
    Look behind the will see why they can't pay out anything more .
    7 Mar 2013, 08:06 PM Reply Like
  • TJ Schoenlein
    , contributor
    Comments (410) | Send Message
    "Show me the money"
    7 Mar 2013, 09:06 PM Reply Like
  • clarbb
    , contributor
    Comments (7) | Send Message
    Couldn't agree more with Shane and Benitus. The amount of the proposed share buy back is so miniscule it won't move the needle on the share price by a millimeter. In fact, Citi's capital plan is so disappointing, it's likely to have a negative impact on Citi's share price.
    8 Mar 2013, 03:38 AM Reply Like
  • zorro2828
    , contributor
    Comments (740) | Send Message
    Well, have to take the opposite view.. C is quoted up almost 2% and they are the best capitalized bank... a big gain from last year.. yes the recovery has been slower than most of us would have liked but in the end, they passed, they are buying more stock (albeit less than we would like) and the new CEO is in there with a clean sheet .. up to him to start to move the needle from today.. I wish him well and trust the stock will be at 60 within 18 months!
    8 Mar 2013, 07:30 AM Reply Like
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