Is This Dividend Enough For Citigroup’s Top Institutional Shareholders?

Citigroup (NYSE:C): After the results of the fed’s stress test, Citigroup has agreed to a $1.2 billion share repurchase program through 2014, as well as a $0.01 quarterly dividend. The dividend has a forward yield of 0.08 percent, an ex-dividend date of May 2, and payable on May 24.

These institutional firms indicated owning shares of Citigroup, Inc. in Q1 2013. They reported owning a total of 776.982 million shares on 03/31/2013. The shares closed at $44.24 on 03/31/2013.

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Here are the ten largest positions in Citigroup, Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 132,146,131 shares on 03/31/2013 worth $5,846,145,057. This brought the portfolio total to 0.64%.

State Street Corp. held 123,307,919 shares on 03/31/2013 worth $5,455,142,544. This brought the portfolio total to 0.72%.

Blackrock Institutional Trust Company N.A. held 83,003,477 shares on 03/31/2013 worth $3,672,073,962. This brought the portfolio total to 0.75%.

JPMorgan Chase & Co. held 48,630,322 shares on 03/31/2013 worth $2,151,405,527. This brought the portfolio total to 0.7%.

Bank of New York Mellon Corp. held 46,858,987 shares on 03/31/2013 worth $2,073,041,664. This brought the portfolio total to 0.66%.

Franklin Resources Inc held 34,285,692 shares on 03/31/2013 worth $1,516,799,072. This brought the portfolio total to 0.87%.

Blackrock Fund Advisors held 26,181,622 shares on 03/31/2013 worth $1,158,275,001. This brought the portfolio total to 0.45%.

Blackrock group Ltd held 22,062,268 shares on 03/31/2013 worth $976,034,773. This brought the portfolio total to 0.72%.

Blackrock advisors LLC held 19,944,576 shares on 03/31/2013 worth $882,348,076. This brought the portfolio total to 0.88%.

Alliancebernstein L.P. held 19,098,424 shares on 03/31/2013 worth $844,914,310. This brought the portfolio total to 0.92%.

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