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Citigroup Inc. (NYSE:C) stock is about to trade ex-dividend in 4 days time. Ex-dividend means that investors that...
The board of Citigroup Inc. ( NYSE:C ) has announced that it will pay a dividend on the 23rd of November, with...
Citigroup is in the middle of a complicated restructuring.It made it clear Wednesday that its fourth quarter earnings report Friday will be complicated, too. The giant New York-based bank said in ...
The ex-date or ex-dividend date represents the date on or after which a security is traded without a previously declared dividend or distribution. [1] The opening price on the ex-dividend date, in comparison to the previous closing price, can be expected to decrease by the amount of the dividend, although this change may be obscured by other ...
To calculate the capital gain for US income tax purposes, include the reinvested dividends in the cost basis. The investor received a total of $4.06 in dividends over the year, all of which were reinvested, so the cost basis increased by $4.06. Cost Basis = $100 + $4.06 = $104.06; Capital gain/loss = $103.02 − $104.06 = -$1.04 (a capital loss)
Generally, a dividend cover of 2 or more is considered a safe coverage, as it allows the company to safely pay out dividends and still allow for reinvestment or the possibility of a downturn. [ 1 ] [ 3 ] A low dividend cover can make it impossible to pay the same level of dividends in a bad year's trading or to invest in company growth.
The difference being, we already know Citigroup won't raise its dividend payout, while investors in other banks are still hoping for a different outcome. Citigroup's stock looks tantalizingly cheap.
Dividend stripping is the practice of buying shares a short period before a dividend is declared, called cum-dividend, and then selling them when they go ex-dividend, when the previous owner is entitled to the dividend. On the day the company trades ex-dividend, theoretically the share price drops by the amount of the dividend.