Don’t Be Discouraged by This Bank Stock's Low Dividend Yield

Don’t Be Discouraged by This Bank Stock's Low Dividend Yield

Citigroup (NYSE: C) has one of the lowest dividend yields among big-bank stocks right now, at 1.1%, but that doesn't necessarily mean that income-seeking investors should avoid the nation's fourth biggest bank by assets. That's because Citigroup's quarterly payout has a lot of room to grow.

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Since the financial crisis, Citigroup has increased its quarterly payout only three times. It started at $0.01 per share in the wake of the crisis, raising that to $0.05 per share in 2015, to $0.16 per share the next year, and to $0.32 per share earlier this year.

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Source: Fool.com