BANKING & FINANCE - April 19, 1994
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From Times Staff and Wire Reports
Citicorp Reinstates Dividend: The New York-based company reinstated its dividend after a three-year hiatus, capping a turnaround at the nation’s largest banking company. The 15 cents a share is payable June 17 to stockholders of record May 31, the company said. Citicorp Chairman John S. Reed said the board reinstated the dividend because of Citicorp’s “earnings progress and financial condition.” The company is expected to post first-quarter financial results today.
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