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Citigroup Inc. on March 21 said it will implement a 1-for-10 reverse stock split of its common stock and reinstate a 1-cent dividend in the second quarter of 2011 following the effective date of the stock split.
The stock split is expected to take effect after the close of trading May 6, with Citi common stock beginning to trade on a split-adjusted basis on the New York Stock Exchange at the opening of...