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Citigroup Inc (NYSE:), AllianceBernstein Holding LP (NYSE:NYSE:), and Ameriprise Financial Inc (NYSE:NYSE: (OTC:)) are scheduled to trade ex-dividend for their upcoming dividends on Friday. The dividends, set at $0.53 for Citigroup, $0.65 for AllianceBernstein, and $1.35 for Ameriprise, are due on November 22nd for Citigroup and AllianceBernstein, while Ameriprise’s is due on November 17th.
These payouts could potentially cause shares of Citigroup, AllianceBernstein, and Ameriprise to open 1.34%, 2.26%, and 0.43% lower respectively. Ameriprise has been highlighted as a future contender for the Dividend Aristocrats index, having increased its dividend for over 18 years consecutively.
Based on their dividend history charts, the current estimated annual yields stand at 5.37% for Citigroup, 9.03% for AllianceBernstein, and 1.71% for Ameriprise.
InvestingPro Insights
Adding to the dividend analysis, InvestingPro provides additional insights. For Citigroup, the InvestingPro Tips suggest that despite maintaining dividend payments for 13 consecutive years, the company is facing a declining trend in earnings per share and is trading at a low price/book multiple. This is reflected in the real-time data, which shows a P/E ratio of 6.21 and a price/book ratio of 0.39 for the last twelve months as of Q3 2023.
On the other hand, AllianceBernstein seems to be in a better position. The InvestingPro Tips indicate the company operates with a high return on assets and has maintained dividend payments for 36 consecutive years. Furthermore, the real-time data reveals a P/E ratio of 12.79 and a return on assets of 12.56% for the same period.
These InvestingPro Tips and data points can provide valuable insights to investors. For more in-depth analysis and additional tips, consider checking out the InvestingPro platform.
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