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citigroup announces share buyback and dividend amid positive earnings forecast
Citigroup Inc. is projected to achieve earnings of $7.53 per share this fiscal year and has approved a $20 billion share repurchase plan, indicating confidence in its stock value. The company recently declared a quarterly dividend of $0.56 per share, yielding 3.11%, with a payout ratio of 37.65%. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $83.53, while insider trading shows significant share sales by executives.
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