Citigroup Inc. (NYSEARCA:MTY) Files An 8-K Other Events
Item 8.01. Other Events.
On June 28, 2017, the Federal Reserve Board advised Citi that it
does not object to the planned capital actions requested by Citi
as part of the 2017 Comprehensive Capital Analysis and Review.
The planned capital actions include an increase of Citis
quarterly common stock dividend to $0.32 per share (subject to
quarterly approval by Citis Board of Directors), as well as a
common stock repurchase program of up to $15.6 billion during the
four quarters starting in the third quarter of 2017. These
planned capital actions total $18.9 billion over the next four
Repurchases by Citi under the common stock repurchase program may
be effected from time to time through open market purchases,
trading plans established in accordance with U.S. Securities and
Exchange Commission rules, or other means, depending on
satisfactory market conditions, applicable legal requirements and
other factors. The common stock repurchase program does not
obligate Citi to repurchase any particular amount of common stock
and it may be suspended at any time at Citis discretion.