Citigroup (C) will raise its quarterly dividend by 220 percent to $0.16 per share in 2016. Citi reinstated its cash dividend in 2011, two years after suspending it in 2009.

Citigroup Inc. (Citi) is a financial services holding company. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi reinstated its cash dividend in 2011, two years after suspending it in 2009.