Royal Bank Of Scotland Dividends - RBS

Royal Bank Of Scotland Dividends - RBS

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Stock Name Stock Symbol Market Stock Type
Royal Bank Of Scotland Group Plc RBS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 120.90 00:00:00
Open Price Low Price High Price Close Price Previous Close
120.90 120.90
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Royal Bank Of Scotland RBS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
02/08/2019InterimGBX231/12/201831/12/201915/08/201916/08/201920/09/201914
02/08/2019SpecialGBX1231/12/201831/12/201915/08/201916/08/201920/09/20190
15/02/2019FinalGBX3.531/12/201731/12/201821/03/201922/03/201930/04/201913
15/02/2019SpecialGBX7.531/12/201731/12/201821/03/201922/03/201930/04/20190
15/08/2018InterimGBX230/12/201730/06/201823/08/201824/08/201812/10/20180
28/02/2008FinalGBX23.131/12/200631/12/200705/03/200807/03/200806/06/200833.2
03/08/2007InterimGBX10.130/12/200630/06/200715/08/200717/08/200705/10/20070
25/02/2007FinalGBX66.431/12/200531/12/200607/03/200709/03/200708/06/200730.2
02/08/2006InterimGBX24.230/12/200530/06/200616/08/200618/08/200606/10/20060
24/02/2006FinalGBX53.131/12/200431/12/200508/03/200610/03/200609/06/200624.17
04/08/2005InterimGBX19.430/12/200430/06/200510/08/200512/08/200507/10/20050
24/02/2005FinalGBX41.231/12/200331/12/200409/03/200511/03/200503/06/200519.33
03/08/2004InterimGBX16.830/12/200330/06/200411/08/200413/08/200408/09/20040
19/02/2004FinalGBX35.731/12/200231/12/200310/03/200412/03/200404/06/200417.77
05/08/2003InterimGBX14.630/12/200230/06/200313/08/200315/08/200310/10/20030
27/02/2003FinalGBX3131/12/200131/12/200212/03/200314/03/200306/06/200314.57
09/08/2002InterimGBX12.730/12/200130/06/200214/08/200216/08/200211/10/20020
28/02/2002FinalGBX2731/12/200031/12/200113/03/200215/03/200207/06/200212.67
07/08/2001InterimGBX1130/12/200030/06/200115/08/200117/08/200112/10/20010
01/03/2001FinalGBX23.531/12/199931/12/200014/03/200116/03/200118/05/200111
01/08/2000InterimGBX9.530/12/199930/06/200014/08/200018/08/200013/10/20000
29/11/1999FinalGBX20.330/09/199830/09/199913/12/199917/12/199918/02/20009.5
03/12/1998FinalGBX17.4730/09/199730/09/199814/12/199818/12/199819/02/19998.2
17/11/1998InterimGBX0.7730/03/199830/09/199821/12/199829/12/199829/01/19990
17/06/1998FinalGBX1.431/03/199731/03/199829/06/199803/07/199830/07/19980.7

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Posted at 28/3/2022 08:25 by maxk
Taxpayer gives up majority stake in NatWest 14 years after huge bailout

Government sells £1.2bn worth of shares to take its stake below 50pc

By
Telegraph Reporters
28 March 2022 • 8:22am

https://www.telegraph.co.uk/business/2022/03/28/taxpayer-finally-cedes-control-natwest-14-years/



Nearly a decade and a half since stepping in to save the Royal Bank of Scotland Group during the financial crisis, the Government has ceded control for the first time after selling off a big chunk of shares.

The Treasury said it has sold £1.2 billion worth of shares in NatWest Group - as RBS rebranded in 2020 - taking its stake to less than 50%.

John Glen, Economic secretary to the Treasury, said: "This sale means that the Government is no longer the majority owner of NatWest Group and is therefore an important landmark in our plan to return the bank to the private sector.

"We will continue to prioritise delivering value for money for the taxpayer as we take forward this plan."

In 2008 the Government started to build a stake in the group following the financial crash which had left it teetering on the brink of collapse.

The initial investment, which saw the Government owning 57% of the bank, was extended a couple of times before peaking at 84% in 2009.

The Treasury has been selling off its stake since 2015, and the latest sale takes its ownership from 50.6% to 48.1%.

NatWest said the latest deal saw it buying 550 million shares at around £2.21 each.

The process of selling off NatWest shares is likely to continue for some time to come, and has already taken considerably longer than the sell-off of Lloyds.

The Government's stake in Lloyds Bank, which hit more than 43% following the financial crash, was finally totally unwound in 2017. NatWest is far off this level.

The Government was handed its shares in the banks in 2008 after announcing a £37 billion injection of capital into the sector.

Then prime minister Gordon Brown was clear at the time that it was not an attempt to nationalise the banks, but that they would be sold back "at the right time".

Posted at 22/9/2021 11:51 by chinese investor
Just received a cheque.
It is to compensate me for the disproportionately high "contributions" I made.
Thank you Signature !

Chinese Investor (RBS) 08 Aug 2020 - 09:36:09
Signature have gone very quiet on the possibility of the small claimants getting a partial return on their "contributions" which is a shame.

Posted at 08/8/2020 10:27 by chinese investor
Lest we forget :-

"Thousands of claimants will not receive their full compensation until millions of pounds worth of liabilities racked up by the AGC are bottomed out.

Earlier this year the High Court heard from lawyers acting for the claimants that fraudster Gerard Walsh was the “prime mover” behind the AGC.

It heard that Walsh is claiming £3.75m from the settlement on top of £80 per hour in consultancy fees that he has charged for his work on the case since March 2009 – despite the fact he was described to Signature Litigation, the law firm acting for the claimants, as a “volunteer who did not expect financial reward”.

However a letter sent by Signature to the claimants states: “We have identified that significant sums have been paid … to entities connected to Mr Walsh for apparent rental costs.”

Additionally investors in RBS have become alarmed by payments made between two separate action groups claiming to represent shareholders and customers wronged by the bailed-out banking giant.

AGC has transferred sums of money to a separate action group which is mulling legal action against RBS in Scotland over the mistreatment of business customers by the bank’s former GRG unit; the same Signature letter to claimants states “significant sums” have also been paid to the RBS GRG Business Action Group.

A spokesperson for Signature Litigation said: “We confirm that we have seen evidence of substantial lending by the RBoS Shareholders Action Group Company to the GRG Action Group, which the Action Group Company had no authority from claimants to carry out. We have yet to be satisfied that the money was all repaid. We confirm that we were unaware of this at any time and that the claimants themselves were never informed.”"

Posted at 06/8/2020 07:46 by chinese investor
Everybody is aware of the "£200 Million Pot".
When it emerged that there were many phantom shareholders the "£200 Million Pot" shrunk...
...but the legal costs would still have to be paid by the shrinking number of genuine shareholders.
It is good therefore that Signature are seeking other shareholders and that RBS are going along with it.
I don't mind waiting until 2021 for my final payment.

Chinese Investor (RBS) 21 Mar 2019 - 10:02:06
One factor which is emerging is new claimants.
If they are successful then I'm sure they wouldn't mind chipping in with some of the overall costs.
They could replace the phantom claimants.
RBS would object but the court might allow their claim.

Posted at 16/7/2020 06:21 by leedskier
The Royal Bank of Scotland Group plc

16 July 2020

Intention to Change Name on 22 July 2020

On 14 February 2020, The Royal Bank of Scotland Group plc ("RBS") announced that it is intended to be renamed "NatWest Group plc". Following that announcement, RBS today announces that the change of name is intended to take effect on Wednesday 22 July 2020, subject to registration of the name change at Companies House in Edinburgh.

A subsequent announcement will be made when the name change becomes effective, which will also provide an update regarding trading under RBS's revised tickers. Until the publication of such an announcement, trading will continue under the existing tickers. No action is required on the part of any equity or debt holders with respect to their rights as an equity or debt holder.

Posted at 28/5/2020 09:47 by leedskier
Newsflash: RBS is to refund customers £2.2m after failing to alert new adult account holders that they were about to dip into unauthorised overdrafts.

The Competition and Markets Authority said there were effectively two breaches:

RBS failed to enrol about 179,000 youth account holders into the alert programme within 10 days of migrating them to adult accounts
As a result, RBS charged around 36,000 customers for going into (or attempting to go into) unarranged overdraft without first sending an alert
In a letter to RBS (published here) the CMA expresses its “disappointment” in the bank for the mistake. However, the lender will now refund customers for unfair treatment, with 8% interest. RBS will also “consider any reasonable claims for extra costs suffered as a result of the charges,” the CMA said.

Separately, the CMA announced that a Santander had put aside £17m for six previously disclosed breached of the retail banking order.

It brings the total customer refunds secured through the CMA for overdraft alert breaches over the past two years to £47m.

Posted at 25/4/2020 10:54 by whitestone
https://ftalphaville.ft.com/2020/04/24/1587729340000/Markets-Now---Friday-24th-April-2020/

Investec turns buyer on Royal Bank of Scotland:

The UK Government chose to acquire 84.4% of RBS during 2008/9 at c.£5 per share. A decade later, with the shares at c.£1 and a residual stake of 62.2%, its stated intention is to achieve a full exit by 2025. Is the Government actually intending to engage in self-harm? The 2019 final dividend was cancelled, the CET1 capital ratio has been rebased from 16.2% to a “preposterous”pro-forma 17.0%, no dividends are to be paid during 2020 and the UK economy has been placed in lockdown. UK base rate is now 0.1%. None of this is helping, but…

Clearly we expect the UK’s lockdow n to trigger a recession, tipping RBS into loss in 2020e. We forecast a loss per share of 5.5p in 2020e.

However, in the context of RBS’ 2019 pro-forma CET1 capital ratio of 17.0% w e see no material capital impact; we expect it to run with a significant surplus over its 13-14% target through 2020-22e . We regard this as a “political” decision, rather than an economic or pragmatic judgement.

Following cancellation of the 2019 final dividend, our tNAV per share forecasts are rebased higher. We now forecast only a 5.8p YoY reduction to 261.9p in 2020e against which the shares trade on 0.4x.

Even though we continue to assume a zero dividend for 2020e, in the context of our EPS forecasts of 6.5p/13.3p in 2021/22e and RBS’ “bloated” capital base, w e model a relatively “full” pay-out of 6.0p/12.0p DPS in 2021/22e; a prospective dividend yield of 5.6%/11.3%.

What could go wrong? Well, w e think that w e already assume that quite a lot of things will! Impairments rose by 75% YoY to £0.7bn in 2019 and w e continue to model a further 300% YoY increase to £2.8bn in 2020e. We also assume that revenues w ill fall by 12% YoY in 2020e reflecting both “low er forever” interest rates and sharply low er other income.

We do remain concerned that banks could be “coerced” by Government into “reckless” new crisis lending. We hope that they w ill maintain discipline, and w e draw comfort from the fact that RBS states it is only lending (under government-backed schemes) “to our own customers and within risk appetite”.

On 0.4x 2019 tNAV for ROTEs of -2.1%/+2.5%/+4.9% 2020/21/22e, we cut our TP to 135p (from 140p) but with almost 30% implied upside, we upgrade to Buy (from Hold). The Q1 2020 IMS is due on 1 May

Posted at 02/4/2020 14:39 by smurfy2001
IG clawing back the RBS dividend :|
Posted at 30/3/2020 20:33 by stonedyou
Oh dear!!!!!!!!!!!!!!!!!!!!!!



Coronavirus: Taxpayers forego £600m from RBS payout


The Treasury will miss out on a £600m windfall when RBS cancels its 2019 dividend, Sky News can reveal.


UK taxpayers are to forfeit more than £600m from the cancellation of bank dividends as regulators instruct Britain's biggest lenders to conserve capital amid the coronavirus crisis.

Sky News can reveal that Royal Bank of Scotland's move to stop a £968m full-year dividend payment for 2019, which was due to be made in the coming weeks, will leave the Treasury £600m poorer.




The government's 62% stake in RBS means it would have received the sum if the payout had gone ahead.

It will also forego taxes associated with the payment of the chunk of the £7.5bn that was due to be handed to UK taxpayers.

Banking sources expect the Prudential Regulation Authority (PRA), the banking watchdog, to announce on Tuesday evening or Wednesday morning that Barclays, HSBC, Lloyds Banking Group and RBS will no longer pay the dividends announced alongside their full-year results.



Excluding HSBC, which is by far the largest dividend-payer with a $4.2bn cheque but which is less UK-focused than its peers, the move will preserve roughly £4bn of capital - which could translate into £40bn of lending into the UK economy as the COVID-19 pandemic deepens.






The Financial Times reported earlier that there was a growing expectation of the dividend cancellation.




https://news.sky.com/story/coronavirus-taxpayers-forego-600m-from-rbs-payout-11965984

Posted at 30/3/2020 11:10 by polar fox
This may change things perhaps. Dated last Wednesday:

The London Stock Exchange Group PLC on Wednesday said it is okay for firms to forego any dividend payment - due to the extraordinary circumstances caused by Covid-19 - but this must be announced immediately.

The stock exchange will allow companies defer payment of dividends up to 30 days but not exceeding 60 days following the record date, meaning the date by which investors need to be registered share holders in order to receive the dividend. A company typically has to pay its dividend within 30 days of the record date.

"An issuer must inform the Stock Situations Team of any deferral of a dividend payment and this must be notified without delay. After the deferral period has expired the dividend must be paid or cancelled. If any dividend is to be cancelled and not paid, this should be notified by the issuer without delay," Nilam Statham, LSEG's head of Primary Market & AIM Regulation, said.

LSEG said the new procedures were put in place following a series of enquiries from companies concerned about saving cash during the Covid-19 pandemic.

"This guidance will remain in place until further notice. Any queries on this notice or requests for extension to the payment date should be addressed to the Stock Situations Team," Statham added.

The stock exchange operator said it will continue to closely monitor the ongoing coronavirus situation, and is actively considering "all available options to ensure markets continue to function well and to support market participants".

unquote

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