Despite Citi, Bank ETF Dividend News Not All Bad
March 28, 2014 at 10:00 AM EDT
Shares of Citigroup (NYSE: C) plunged 5.4% on nearly quadruple the average daily volume Thursday after the Federal Reserve rejected the bank’s plans to return more capital to shareholders via increased dividends and share buybacks. Given Citi’s status as a top-10 holding in at least 15 financial...