- Royal Bank of Scotland will pay shareholders a dividend for the first time since the financial crisis, the bank announced on Friday.
- Investors will receive an interim dividend of two pence ($0.026) per share, pending the final settlement of a fine from the US Department of Justice.
- RBS achieved an attributable profit of £888 million ($1.15 billion) in the first half of the year.
- RBS shares jumped on the news, gaining around 2% in the first 30 minutes of trading in London.
LONDON — Royal Bank of Scotland has announced plans to pay shareholders a dividend for the first time since the financial crisis as its business continues to return towards normality.
The bank, which was once the world's biggest, said at the release of its financial results for the first half of 2018 that will pay an interim dividend of two pence ($0.026) per share, pending the final settlement of a fine from the US Department of Justice relating to the historical sale of mortgage-backed securities. That fine is expected to be in the region of $4.9 billion (£3.8 billion)
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