Is Citigroup (C) Still a Smart Dividend Stock to Buy in August?

Citigroup Inc. (NYSE:C) is included among the 10 Best Dividend Stocks to Buy in August.

A customer using the personal financial management tool to navigate their finances.

Citigroup Inc. (NYSE:C) primarily focuses on traditional banking services for both individuals and businesses, offering standard products like checking accounts, mortgages, and business loans. While these services are common and highly competitive— facing rivals from both local institutions and large players like Bank of America— Citigroup stands out due to its extensive scale. Unlike smaller banks, it operates across the US and internationally, giving it a broader reach and stronger presence in global markets.

Citigroup Inc. (NYSE:C) recently announced its earnings for the second quarter of 2025. The company posted revenue of $21.7 billion, which showed an 8% growth from the same period last year. It reported an 18% increase in banking revenues, highlighting its involvement in several major transactions. Wealth management revenues rose by 20%, with all three business lines showing strong performance. In US Personal Banking, the company experienced solid growth in its Branded Cards segment, while Retail Banking saw gains driven by higher deposit spreads.

Citigroup Inc. (NYSE:C) also remained committed to its shareholder obligation, returning $3.1 billion to investors through dividends and share repurchases. It is among the best dividend stocks on our list as the company has paid uninterrupted dividends to shareholders for the past 34 years. On July 15, the bank declared a 7% hike in its quarterly dividend to $0.60 per share. The stock has a dividend yield of 2.51%, as of July 28.

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Disclosure: None.