Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 87.12

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3:59 PM EST

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From: David C. Burns	3/22/2011 1:57:20 AM
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Citigroup to boost shares with stock split Citigroup has moved to build interest in its stock, which has languished below $5, revealing a reverse stock split and its first quarterly dividend in more than two years. At one cent per share, Citi’s second-quarter pay-out may offer stockholders more symbolic value than actual income. But for a bank that nearly collapsed during the financial crisis and until recently counted the US government as its largest shareholder, reinstating the dividend has been seen as an important milestone for Citi executives, its investors and regulators. ft.com

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