how do you find out

[MrSer]

How do you find out when a company is going to pay its dividend? I want to know when citigroup is because i believe they will cut their dividend.

[Supreona]

How do you find out when a company is going to pay its dividend? I want to know when citigroup is because i believe they will cut their dividend.

You should be able to get it with a simple quote (snapshot) if you use etrade.

Ex-Dividend Date 1/31/08
Dividend Payable Date 2/22/08

You'll have to wait till the next one, when they declare again.

[MrSer]

They do not set the date they will give out the dividend before hand?

[rozz]

Based on the dividend history in investor relations on their website I’d guess the next one is April or May. It was steadily increasing until this year when it went from .54 to .32 so I would think .32 again, maybe a cut but I doubt it.

http://www.citigroup.com/citigroup/fin/faq.htm

[MrSer]

Based on the dividend history in investor relations on their website I’d guess the next one is April or May. It was steadily increasing until this year when it went from .54 to .32 so I would think .32 again, maybe a cut but I doubt it.

http://www.citigroup.com/citigroup/fin/faq.htm

Why would you doubt it? Banks are in need of capital.

[rozz]

I just think another cut so soon would be seen as another sign of weakness in an already shaky industry. Right now if something can be seen as a positive or a negative, the market seems to be leaning on the side of negative.

People look at dividends differently. For most, seeing that a company is cutting their dividend is a signal that the company needs money. The dividend is no longer available as extra cash because the management screwed up. Companies that cut their dividends usually follow with negative earnings. Bad sign.

In other situations, cutting the dividend can be seen as a positive. Management is keeping the money in house to help strengthen their position for a possible takeover or to invest in a new division. Good sign.

I could be wrong and they could cut again.

[MrSer]

I believe its a sign that their first cut was during this "recession" and a very bearish one in fact. Citi 18-19 before they report on April 18th.

[Seamus]

You can't crack open any financial paper these weeks without seeing some article about C looking for money. This is why I cut my small speculative position with this group, I will not stick with a financial company that got things sooo wrong!
The board was blind to having Chuck Prince run things for so long to multi billion dollar write downs. For the last two quarters they still don't know the extent of the damage. This upcoming quarter if they still don't know what the heck is going on with their finances, they are screwed.

The last cut of their dividen was inevitable, the stock had dropped so much that it would have paid like a 8 or 9% dividen, it wasn't going to last. When they did pay it out, there were still quite a few articles asking "why did C pay the dividen, they need the money". So I don't feel too good going forward. In my opinion, they don't have the capital to make future investments to turn this stock and company around in a timely manor causing them to lag behind the competition and loose market share to stronger banks. The old days of greatness of C are gone unless they get someone to really run this thing right.