Citigroup Inc. (C) Thursday said its board approved a $1.2 billion repurchase program through the first quarter of 2014. The company also declared a quarterly dividend of $0.01 per share, payable on May 24 to stockholders on record as of May 6.
The buy back plan was part of the planned capital actions included by Citi in its 2013 Comprehensive Capital Analysis and Review and is intended to offset estimated dilution created by Citi's annual incentive compensation grants.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.