Once upon a time, a key reason to own banks stocks was for their dividends. But then the financial crisis and expanded government oversight forced banks to fortify their balance sheets and dividends and buybacks became thin and scarce.

The darkest of those days is now rapidly receding. As of now, Citigroup stock pays a quarterly dividend of 5 cents a share, good for a yield of just 0.

An increase to 16 cents would make the yield 1.

As CEO Michael Corbat said in a news release:. BAC yield stands at 1. Shares lag peers over the last half-decade. Heck, C stock gives BAC a run for most disappointing major bank stock of this html radio button style color running bull market. As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.

Citigroup Mark May on Alphabet buyback - Business Insider

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