RBS pays dividend
ROYAL Bank of Scotland has paid its first dividend since its £45billion bailout a decade ago.
The lender, still 62 per cent government-owned, paid 2p per share to 190,000 shareholders, costing £240million. The Treasury will receive about £150million.
The payout followed the bank’s near-£4billion US settlement this year over toxic mortgages.
Chief executive Ross McEwan hailed a “milestone” in the RBS turnaround, adding: “We have created a smaller, safer bank generating more sustainable profits. We look to return excess capital to shareholders as soon as possible.”