How To Earn $500 A Month From Citigroup Stock Ahead Of Q1 Earnings Report
Portfolio Pulse from Avi Kapoor
Citigroup Inc. (NYSE:C) is anticipated to release its Q1 earnings on April 12, 2024, with expected earnings of $1.20 per share, down from $2.19 the previous year, and projected revenue of $20.40 billion, up from $19.99 billion. The company recently announced a $2.75 billion redemption of notes due 2025. Citigroup offers a 3.44% annual dividend yield, equating to 53 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $174,498 or 2,830 shares is needed.
April 10, 2024 | 12:49 pm
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NEUTRAL IMPACT
Citigroup Inc. is expected to report lower earnings per share compared to last year but higher revenue. The company also announced a significant redemption of notes and offers a solid dividend yield, indicating a strategy to return value to shareholders.
The expected decrease in earnings per share might concern investors, but the increase in revenue and the company's actions to return value to shareholders through dividends and note redemption could balance sentiments. The impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100