UBS Expects Profit to Rise in 1Q, Splits 2019 Dividend
April 09 2020 - 1:39AM
Dow Jones News
By Olivia Bugault
UBS Group AG said Thursday that it expects net profit in its
first quarter to rise, while it will pay its 2019 dividend in two
installments.
The Swiss bank expects net profit to come in around $1.5
billion, compared with $1.14 billion a year earlier, while its CET1
capital and CET1 leverage ratios at the end of the first quarter
should come in line with its targets.
UBS said that it will pay its dividend in two parts following a
request from the Swiss financial regulator. The bank will propose a
dividend of $0.365 a share for May 7 and a special dividend reserve
of the same amount per share in November, it said.
UBS will publish its financial results on April 28.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
April 09, 2020 01:24 ET (05:24 GMT)
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