RBS to Pay Dividend for First Time Since Bailout

Royal Bank of Scotland is to pay out a dividend for the first time since being bailed out by the UK government in 2008

Emma Wall 3 August, 2018 | 9:28AM

Royal Bank of Scotland RBS downgrade bank financial UK equity

Royal Bank of Scotland (RBS) has announced plans to resume paying a dividend for the fist time in over a decade. The bank has proposed an interim dividend of 2p per share, its first payout since the financial crisis. RBS was bailed out by the taxpayer in 2008 to the tune of £45 billion, and has yet to return to full private ownership. 

Lloyds (LLOY), the other high street bank propped up by the government in the depths of the recession, returned to private ownership in May 2017 having reintroduced dividends two years earlier at 0.75p per share.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barclays PLC119.56 GBX1.53
Lloyds Banking Group PLC30.64 GBX0.61
The Royal Bank of Scotland Group PLC122.55 GBX0.86

About Author

Emma Wall  is former Senior International Editor for Morningstar

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