2023-04-21 05:31:00 ET
If you're looking for reliable investment income, there's certainly no shortage of attractive dividend stocks right now. Higher interest rates have driven dividend yields upward with them. A handful of bank stocks boast particularly strong (relative) dividend yields right now too, like Citigroup 's (NYSE: C) 4.1% -- the highest among all the major banking names at this time.
But a superior yield in and of itself doesn't necessarily make a stock worth owning. There may be more to the story, or there may be more to your story that makes Citi a less appropriate dividend-paying pick for your portfolio.
You know the company. Citigroup is the country's third-largest bank -- as measured by assets under management -- with 230,000 employees working in 95 countries. It operates well over 600 retail banking branches, yet its biggest profit centers are institutional services like commercial banking and capital markets.
For further details see:
Is Citigroup the Best Dividend Stock for You?