Citigroup Announces 5.7% Increase in Quarterly Dividend

Citigroup Inc. (NYSE: C) plans to increase its quarterly dividend by 5.7% to $0.56 per share, following the Federal Reserve stress test approval. The decrease in stress capital buffer requirement to 4.1% reflects Citigroup’s confidence in its financial standing, signaling a positive outlook for the company and potentially attracting more investors.