13th Sep 2018 06:57
LONDON (Alliance News) - Royal Bank of Scotland Group PLC could use up to GBP4 billion of extra capital to pay out a special dividends to shareholders, The Times newspaper reported on Thursday.
RBS Chairman Howard Davies told the newspaper that, despite wanting to use the spare cash to buy the bank's shares from the government, if shareholders wanted the special dividend was a possible option.
The special dividend could be up to 33 pence per share to investors, who have not received a payout from the bank in more than 10 years, the newspaper reported.
"If there are a lot of shareholders pressing for a special dividend, that is something we would consider," Davies told the Times.
https://www.thetimes.co.uk/article/rbs-chief-mulls-4bn-payout-for-investors-xddnlz8ch
Related Shares:
RBS.L