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Stock impact report

UBS Agrees to Pay 2019 Dividend in Two Installments Following FINMA Request

UBS Group AG Registered Ordinary Shares (UBS) 
Company Research Source: Business Wire
Following a request from FINMA, the UBS Board of Directors proposes shareholders approve that the previously announced dividend of USD 0.73 for the financial year 2019 will be paid in two installments, a dividend distribution of USD 0.365 per share and the establishment of a special dividend reserve of USD 0.365 per shareThe Board of Directors intends to propose a special dividend of USD 0.365 per share after the publication of UBS’s third quarter results, subject to shareholders approval at an extraordinary general meetingWe decided to comply with the request from FINMA even as UBS’s strong capital, funding and liquidity position enables it to support its clients and the economy while paying the dividend in full UBS currently expects to report a first quarter 2020 net profit of around USD 1.5 billion and expects its CET1 capital and CET1 leverage ratios to be in line with its targets, and well above regulatory requirementsAs part of the ongoing UBS COVID-19 response, we are actively Show less Read more
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