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Stock impact report

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

ROYAL BANK of SCOTLAND (RBS) 
US:NYSE Investor Relations: investors.rbs.com
Company Research Source: Reuters
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 pound ($1.28 billion) windfall for the British government, it is still expected to suffer heavy losses overall on the 45 billion pound 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 B Show less Read more
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