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Stock impact report

RBS delivers on dividend but warns of Brexit business threat [Reuters (UK)]

ROYAL BANK of SCOTLAND (RBS)  More Company Research Source: Reuters
US:NYSE Investor Relations: investors.rbs.com
PDF RBS delivers on dividend but warns of Brexit business threat | Reuters 4 Min Read LONDON (Reuters) - Royal Bank of Scotland will pay investors, including the British government, a bigger-than-expected dividend after it more than doubled its profit in 2018, but warned that Brexit could drive businesses under and curtail cost-cutting. Although the dividend means a nearly £1 billion windfall for the British government, it is still expected to suffer heavy losses overall on the £45 billion state rescue of RBS at the height of the financial crisis. RBS, which is still majority state-owned, said it would pay investors an annual dividend of 3.5 pence and a special dividend of 7.5 pence, taking its total payout, including an earlier interim dividend, to 13 pence per share. Shares in RBS rose 1.1 percent, with gains capped by a warning from chief executive Ross McEwan that it faced a possible spike in bad loans from business failures due to economic uncertainty over Britain’s withdrawal from t [Read more]
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