Citigroup (C): A Stable Player in Today’s Dividend Paying Stocks Market

Citigroup Inc. (NYSE:C) is included among the 12 Best Dividend Paying Stocks to Buy Now.

Citigroup (C): A Stable Player in Today’s Dividend Paying Stocks Market

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Citigroup Inc. (NYSE:C) main business lies in traditional banking services for both individuals and companies. This includes checking and savings accounts as well as mortgage and business loans. While these services are standard across the industry, competition is intense, with Citigroup going up against both local banks and big national players like Bank of America. Its broad scale, with branches across the US and internationally, gives it an edge over smaller rivals, but that alone doesn’t set it apart from its largest peers.

Beyond its core banking activities, Citigroup Inc. (NYSE:C) is active in capital markets, investment banking, and wealth management, making it a highly diversified institution. Still, this is also true of other major banks. For investors who want exposure to a large financial institution, the bank can be a reasonable option.

Citigroup Inc. (NYSE:C) has distributed dividends regularly for the past 34 years and currently pays a quarterly dividend of $0.60 per share. With a dividend yield of 2.34%, as of September 19, C is among the best dividend paying stocks to buy now.

While we acknowledge the potential of C as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than C and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.