Friday, 12 October 2018

Royal Bank of Scotland pays first dividend in 10 years

Royal Bank of Scotland has paid its first dividend to shareholders since the bank was brought to the brink of collapse in the 2008 financial crisis.

The bank - which is still 62% government-owned - has paid a 2p dividend to investors, which include about 190,000 private shareholders.

RBS chief executive Ross McEwan said the payment was an "important milestone" in the bank's turnaround.

The bank received an emergency £45bn bailout from the taxpayer in 2008.

Earlier this year, the government sold a tranche of RBS shares at 271p each, almost half the 502p a share it paid for them 10 years ago.

BBC        News.

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