Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

RBS and gov't in talks over resuming dividend payments

RBS and gov't in talks over resuming dividend payments

The Royal Bank of Scotland (RBS) is in talks with the government over buying back a ‘golden share’ which would allow it to resume paying dividends, according to reports.

The Financial Times reported that RBS and the government were in advanced talks over the bank buying back a dividend access share, which the government acquired when it bailed out the bank in 2008.

The share allows the Treasury to take an enhanced dividend before payouts are made to ordinary shareholders.

Read the full story here.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter