Citigroup Buys Wachovia, Will Raise $10 Billion, Slashes DividendIn light of Citigroup (C - Get Report) buying Wachovia's (WB - Get Report) banking subsidiaries, Citigroup is expecting to raise $10 billion in common equity and cut its quarterly dividend to 16 cents a share, effective immediately.
Dividend.com: Citi to Cut Payout
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