Citigroup Dividend Payments Still Ongoing

Contrary to popular perception, Citigroup is continuing to make dividend payments. The bank, which received $45 billion in bailout funds last year, announced several weeks ago that it would stop paying dividends to preferred and common shareholders as part of a larger deal with the US government. Yet, the funds continue to flow, the Huffington Post has learned. Dividend payments are not chump change: the bank paid a total of $7.4 billion in dividend payments in 2008, according to its 10-k filing.

 

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