Citigroup Inc. (NYSE:C) will release earnings for its second quarter before the opening bell on Tuesday, July 14.
Analysts expect the bank to report quarterly earnings of $2.64 per share, up from $2.04 per share in the year-ago period. The consensus estimate for Citigroup’s quarterly revenue is $23.37 billion. It reported $21.67 billion last year, according to Benzinga Pro.
On June 30, Oppenheimer analyst Chris Kotowski downgraded Citigroup from Outperform to Perform.
With the recent buzz around Citigroup, some investors may be eyeing potential gains from the company’s dividends too. As of now, Citigroup has an annual dividend yield of 1.71%, with a quarterly dividend of 60 cents per share ($2.40 per year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
