Citigroup Declares Quarterly Common Stock Dividend and Preferred Stock Distributions
Citigroup Inc. has announced a new round of dividend payments for common and preferred stockholders, reinforcing the financial institution’s ongoing commitment to returning capital to investors. The company’s Board of Directors declared a quarterly dividend of $0.67 per share on Citigroup’s common stock, with the payment scheduled for August 28, 2026.
The dividend will be paid to shareholders of record as of August 3, 2026. The declaration provides investors with a clear timetable for the upcoming distribution and represents the latest quarterly return of capital to holders of Citigroup’s common shares.
In addition to the common stock dividend, Citigroup’s Board of Directors declared dividends on a broad range of the company’s preferred stock series. The preferred stock dividends include multiple fixed-rate and fixed-rate reset noncumulative securities, with payments scheduled for August 17, 2026, to holders of record as of August 7, 2026.
The collection of dividend declarations covers a number of Citigroup’s preferred stock series, each with its own stated dividend rate and payment amount. For many of the preferred securities, investors hold depositary receipts representing a fractional interest in a full preferred share.
Common Stock Dividend Set at $0.67 Per Share
The quarterly dividend on Citigroup’s common stock has been declared at $0.67 per share. Shareholders who are recorded as owners of Citigroup common stock on August 3, 2026, will be eligible to receive the payment, which is scheduled to be distributed on August 28, 2026.
Dividend declarations are closely followed by investors because they provide insight into a company’s approach to capital allocation and shareholder returns. For financial institutions, regular dividend payments are generally considered alongside other capital priorities, including investment in business operations, balance sheet strength, regulatory capital requirements and share repurchases.
Citigroup’s latest declaration ensures that eligible common shareholders will receive a scheduled quarterly distribution later in August.
The distinction between the record date and the payment date is important for investors. The record date determines which shareholders are entitled to receive the dividend, while the payment date is when the company distributes the declared funds.
Preferred Stock Dividends Announced
Alongside the common stock dividend, Citigroup declared dividends on 13 series of preferred stock. The preferred securities carry different dividend rates and structures, including fixed-rate, fixed-rate reset and noncumulative features.
The preferred stock dividends will generally be paid on August 17, 2026, to holders of record on August 7, 2026.
The declared payments include the following:
Series T Preferred Stock
Citigroup declared a dividend on its 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T. The dividend is payable August 17, 2026, to holders of record as of August 7, 2026.
Holders of depositary receipts, with each receipt representing one-twenty-fifth of a full preferred share, will receive $31.25 for each depositary receipt held.
The Series T security features a fixed-rate and floating-rate structure, providing a different dividend framework from Citigroup’s fixed-rate reset securities.
Series Y Preferred Stock
The company also declared a dividend on its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y.
The payment is scheduled for August 17, 2026, for holders of record on August 7, 2026. Each depositary receipt represents one-twenty-fifth of a full preferred share, and holders will receive $10.375 for each receipt.
Fixed-rate reset securities are structured to reset their dividend rates according to the terms of the security, potentially linking future dividend calculations to specified benchmark rates or other contractual mechanisms.
Series Z Preferred Stock
Citigroup declared a dividend on its 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z.
The dividend is payable August 17, 2026, to holders of record as of August 7, 2026. Depositary receipt holders will receive $18.4375 per receipt, with each receipt representing one-twenty-fifth of a full preferred share.
Series AA Preferred Stock
The 7.625% Fixed Rate Reset Noncumulative Preferred Stock, Series AA, is also included in the latest dividend declaration.
The payment will be made August 17, 2026, to shareholders of record on August 7, 2026. Holders of depositary receipts will receive $19.0625 for each receipt held, with each receipt representing one-twenty-fifth of a full preferred share.
Series BB Preferred Stock
Citigroup declared a dividend on its 7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB.
The dividend will be paid August 17, 2026, to holders of record on August 7, 2026. Each depositary receipt represents one-twenty-fifth of a full preferred share, and the payment will amount to $18.00 per receipt.
Series CC Preferred Stock
The 7.125% Fixed Rate Reset Noncumulative Preferred Stock, Series CC, will also pay a dividend under the latest Board declaration.
The payment is scheduled for August 17, 2026, to holders of record on August 7, 2026. Depositary receipt holders will receive $17.8125 for each receipt held.
Series DD Preferred Stock
Citigroup declared a dividend on its 7.000% Fixed Rate Reset Noncumulative Preferred Stock, Series DD.
The dividend will be paid August 17, 2026, to eligible holders of record as of August 7, 2026. Each depositary receipt represents one-twenty-fifth of a full preferred share, and the dividend payment will be $17.50 per receipt.
Series EE Preferred Stock
The company also declared a dividend on its 6.750% Fixed Rate Reset Noncumulative Preferred Stock, Series EE.
Holders of record on August 7, 2026, will be eligible for the August 17 payment. Each depositary receipt represents one-twenty-fifth of a full preferred share, and holders will receive $16.875 per receipt.
Series FF Preferred Stock
Citigroup’s 6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF, is included in the dividend declaration.
The dividend will be paid August 17, 2026, to holders of record on August 7, 2026. Depositary receipt holders will receive $17.375 for each receipt, with each receipt representing one-twenty-fifth of a full preferred share.
Series GG Preferred Stock
The Board also declared a dividend on the 6.875% Fixed Rate Reset Noncumulative Preferred Stock, Series GG.
The payment is scheduled for August 17, 2026, to holders of record on August 7, 2026. The dividend will amount to $17.1875 for each depositary receipt, with each receipt representing one-twenty-fifth of a full preferred share.
Series HH Preferred Stock
Citigroup declared a dividend on its 6.625% Fixed Rate Reset Noncumulative Preferred Stock, Series HH.
The dividend will be paid on August 17, 2026, to holders of record as of August 7, 2026. Each depositary receipt represents one-twenty-fifth of a full preferred share, and the payment will be $16.5625 per receipt.
Series II Preferred Stock
The company also declared a dividend on its 6.250% Noncumulative Preferred Stock, Series II.
This security differs from most of the other series in the structure of its depositary receipts. Each receipt represents one one-thousandth of a full preferred share. Holders of record as of August 7, 2026, will receive $0.390625 for each depositary receipt held, with the payment scheduled for August 17, 2026.
Series JJ Preferred Stock
Finally, Citigroup declared a dividend on its 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ.
The payment will be made August 17, 2026, to holders of record on August 7, 2026. Each depositary receipt represents one-twenty-fifth of a full preferred share, and holders will receive $16.25 per receipt.
Understanding the Preferred Stock Structure
The preferred stock securities covered by the announcement have different terms and dividend rates. Many of the securities are classified as noncumulative preferred stock, meaning that if a dividend is not declared or paid under applicable terms, the unpaid amount may not necessarily accumulate for future payment in the same way as cumulative preferred stock.
Investors in preferred securities typically evaluate several factors when assessing dividend payments, including the stated dividend rate, reset provisions, call features, credit quality and the terms governing distributions.
The fixed-rate reset securities included in Citigroup’s announcement are designed to operate under a structure in which the applicable dividend rate may change at specified reset dates according to the terms of the individual security. This differs from traditional securities that maintain the same fixed rate throughout their entire life.
Depositary receipts also allow investors to hold interests in preferred shares through smaller units. In most of the securities covered by the announcement, one depositary receipt represents one-twenty-fifth of a full preferred share. Series II is structured differently, with each depositary receipt representing one one-thousandth of a full preferred share.
Capital Return Remains an Important Investor Consideration
Dividend announcements are an important part of the financial calendar for investors in large banking institutions. Regular distributions can provide income to shareholders while also reflecting the company’s approach to managing available capital.
For common stockholders, the $0.67 quarterly dividend provides a direct return on ownership in Citigroup. For preferred stock investors, the declared distributions represent payments associated with securities that have specific contractual dividend rates and terms.
The latest announcement also demonstrates the variety of securities within Citigroup’s capital structure. The company’s preferred stock portfolio includes a range of dividend rates, from 4.150% for Series Y to 7.625% for Series AA, along with different reset provisions and depositary receipt structures.
Investors should review the specific terms of the relevant security to understand eligibility, payment calculations and other conditions associated with the declared dividends.
Key Dates for Investors
For Citigroup common stockholders, the key dates are:
- Record date: August 3, 2026
- Payment date: August 28, 2026
- Common stock dividend: $0.67 per share
For holders of the preferred stock series listed in the announcement:
- Record date: August 7, 2026
- Payment date: August 17, 2026
The amount paid to preferred stock investors will depend on the specific series and the number of depositary receipts held.
Citigroup’s latest dividend declarations provide a scheduled series of payments for both common and preferred stock investors during August 2026. The announcement covers the company’s quarterly common stock distribution as well as dividends across 13 preferred stock series with varying rates and structures.
With the common stock dividend set at $0.67 per share and the preferred stock payments scheduled across multiple securities, the declarations represent another important capital distribution event for Citigroup investors. Shareholders and depositary receipt holders should pay close attention to the applicable record dates and the terms of their specific securities to determine eligibility and expected payment amounts.
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