Dividend Overview
Dividend Yield
2.61%
Dividend / Share
$3.00
Citigroup Inc
Exchange: NYSESector: Financial ServicesIndustry: Banks - Diversified
Citi is one of the world's largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary global conversation - accessing information, analyzing data, developing insights, and formulating advice for our clients. About Citi Global Perspectives & Solutions (Citi GPS) As our premier thought-leadership product, Citi Global Perspectives & Solutions (Citi GPS) is designed to help our clients navigate the global economy's most demanding challenges, identify future themes and trends, and help our clients profit in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of our research analysts and a wide range of senior professionals across our firm. About the Oxford Martin School The Oxford Martin School is a world-leading research department of the University of Oxford. Its 200 academics work across more than 30 pioneering research programmes to find solutions to the world's most urgent challenges. It supports novel and high-risk projects that often do not fit within conventional funding channels, with the belief that breaking boundaries and fostering innovative collaborations can dramatically improve the wellbeing of this and future generations. Underpinning all our research is the need to translate academic excellence into impact – from innovations in science, medicine and technology, through to providing expert advice and policy recommendations. Web: www.oxfordmartin.ox.ac.uk - Twitter: @oxmartinschool - Facebook: /oxfordmartinschool
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Trading 100% below its estimated fair value of $230.68.
Current Price
$115.25
-0.04%GoodMoat Value
$230.68
100.2% undervaluedProfile
Valuation (TTM)
Market Cap$206.21B
P/E14.41
EV$565.98B
P/B0.97
Shares Out1.79B
P/Sales2.42
Revenue$85.22B
EV/EBITDA23.80
Citigroup Inc (C) Dividends
GoodMoat Analysis
Citigroup's dividend profile presents a mixed picture for an income-focused value investor. While the current yield is moderately attractive and the payout ratio appears manageable, a deeply negative free cash flow yield raises significant questions about the sustainability of the current dividend policy.
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Citigroup's dividend yield of 2.62% is moderately competitive within the diversified banking sector, which often yields in the 2-4% range. The dividend appears sustainable from an earnings perspective, with a payout ratio estimated around 40% based on the provided EPS of $6.99 and a quarterly dividend of $0.53. This is a reasonable level for a large bank. However, a critical red flag emerges when examining cash flow generation, a key Quality Indicator in the framework. The company's Free Cash Flow (FCF) Yield is deeply negative at -36.2%, indicating the dividend is not being covered by organic cash generation. This directly contradicts the framework's preference for positive, growing FCF that converts at a high rate. While banks often have volatile FCF due to lending activities and regulatory capital requirements, a persistently negative figure requires scrutiny. The balance sheet shows high leverage with a Debt/Equity ratio of 3.37, which exceeds the framework's favourable threshold of Debt/EBITDA < 1.0x, though this metric is standard for banks that operate with high leverage. Dividend growth has been inconsistent in recent years, with the current rate only recently restored after a significant cut during the 2020 crisis. For an income investor, the primary concern is the stark disconnect between reported earnings supporting the payout and the severe negative free cash flow, warranting a deeper investigation into the quality of earnings and capital allocation. Analysis based on data as of 2024-05-15.
Key Metrics
Market Cap
$206.21B
P/E Ratio
14.41
Forward P/E
—
EPS
$6.99
PEG Ratio
-1.63
Book Value
$118.65
Dividend Yield
2.61%
Profit Margin
16.79%
ROE
6.74%
Dividend History
Dividend Safety
C Dividend Analysis
Citigroup Inc (C) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 2.61%. The annual dividend per share is $3.00.
P/E ratio: 14.41. Profit margin: 16.79%. Free cash flow: $-74.09B. This page shows Citigroup Inc's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.
GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported Citigroup Inc's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.