RBS to announce whether dividends plans will continue

Written by Oliver Wade
27/10/2018

The Royal Bank of Scotland (RBS) is set indicate whether it plans to continue paying dividends this week, as British lenders reveal their third quarter results.

The bank, which returned to profit last year for the first time since the 2008 financial crisis, recently paid its first dividend in ten years.

On 12 October, RBS paid an interim dividend of 2p per share after announcing the decision in its second quarter results, with analysts expecting clarity on a potential second dividend in the bank’s July to September statement on Friday.

The lender has revealed that total income for the third quarter is expected to be £3.29bn, which is just short of the £3.38bn posted last quarter. Despite this, profit is expected to jump from £613m to £892m.

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