How low can Citigroup's dividend go?

Oppenheimer analyst Meredith Whitney is making a career in some ways off of Citigroup. She was among the first and the boldest to predict that Citigroup would have to slash its dividend and take other capital raising steps. She was right, of course, and earned a bit of fame. This year, Citigroup has cut its quarterly dividend from 54 cents to 32 cents, the AP notes. Now, Whitney says that Citigroup may have to cut the dividend even more, or eliminate it all together. Certainly, the bank's earnings are under pressure; it likely will lose money this year. The wild card is its other capital raising efforts. We presume some are underway. Which would be worse: another round of external capital raising or the elimination of the dividends? A tough spot for common shareholders.    

For more:
- here's the AP article

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