It is not often that we see high-yield dividend stocks outperforming the markets by a wide margin. However, last year, Citigroup (C), which boasted one of the highest dividend yields among its large-cap banking peers, rose 66%, which was not only significantly higher than the broader market but also higher than other banks.
The stock has been strong in recent years and is up 150% over the last three years, which is well ahead of the KBW Bank Invesco ETF (KBWB). In my previous article, I had noted that Citi looked like a good buy despite the rally. In this one, we’ll examine whether the stock can continue its good run or if investors would be better off selling the stock.
