Cash Dividend On The Way From Citigroup Capital XI 6.00% Capital Securities

On 12/23/13, Citigroup Capital XI 6.00% Capital Securities (NYSE: C.PRQ) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/27/13. As a percentage of C.PRQ's recent share price of $25.15, this dividend works out to approximately 1.49%, so look for shares of C.PRQ to trade 1.49% lower -- all else being equal -- when C.PRQ shares open for trading on 12/23/13. On an annualized basis, the current yield is approximately 5.97%, which compares to an average yield of 5.95% in th...