Citi cuts dividend to a penny per share from 15 cents

Why would a company that makes no money pay any dividend at all? Where the hell is a dividend coming from? I really don't get it, not trying to be a wise ass. I seriously don't understand how a company with 0 profits is able to pay a dividend.
 
Quote from bond_trad3r:

C will be nationalized. Technical damage to world economy was done yesterday.
The market went down a few percent, what do you mean technical damage? Is it because a few financials got taken to the woodshed?
 
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