Citi raises quarterly dividend to 60c per share from 56c

Citi (C) announced that it has completed the Federal Reserve Board’s 2025 annual supervisory stress test process. Citi’s indicative Stress Capital Buffer requirement is 3.6%, down from the current 4.1%, and Citi’s preliminary Standardized Common Equity Tier 1 capital ratio regulatory requirement will be 11.6%, down from the current 12.1%. As of March 31, 2025, Citi’s Standardized CET1 capital ratio stood at 13.4%, which was 130 basis points above the regulatory requirement of 12.1%, and included a 100 basis point internal management buffer. The Federal Reserve Board will provide the Firm with its final SCB requirement later this quarter. Citi’s planned capital actions include an increase of Citi’s quarterly common stock dividend from 56c to 60c per share, subject to quarterly approval by Citi’s Board of Directors, starting in the third quarter of 2025. As previously announced, Citi commenced a $20B multi-year share repurchase program in January 2025, of which $3.75B has been repurchased year-to-date.