nw

Citigroup: Another Ad Hoc Bailout

Citi can pay a $0.01 per share dividend, not a 1% dividend.

"Institution is prohibited from paying common stock dividends, in excess
of $.01 per share per quarter, for 3 years without UST/FDIC/FRB consent.
A factor taken into account for consideration of the USG’s consent is the
ability to complete a common stock offering of appropriate size."