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RBS exceeds dividend forecasts

RBS exceeds dividend forecasts

Royal Bank of Scotland (RBS) may have lagged its peers when it comes to shareholder returns but it's now firmly back in the dividend-paying club. The state-backed lender paid a 7.5p special dividend for 2018 which, together with ordinary dividends, took the total payment 55 per cent ahead of consensus expectations. Management plans to reduce its common equity tier one (CET1) ratio from 16.2 per cent to 14 per cent by 2021, as it returns further capital to shareholders and carries out directed buybacks of the UK government’s stake.

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