Getting your player ready...
NEW YORK — Citigroup Inc., one of the worst-hit banks during the financial crisis, is taking steps to get back in the good graces of shareholders.
The bank will reinstate a quarterly dividend, albeit just a penny per share, and reduce the amount of shares it has outstanding. This second maneuver, called a “reverse stock split,” will lift the company’s stock price and allow more institutional investors to own it.
