Summary
The second 25 per cent dividend increase in two years, coupled with a bumper result and a repeated reassurance that there are no big acquisitions looming, sent Royal Bank of Scotland's shares racing ahead yesterday while much of the stock market remained for a third day in disarray.
RBS, owner of NatWest and employer of 7,840 West Midlanders, reported a fullyear profit of pounds 9.186 billion, up from pounds 7.936 billion in 2005, and declared a final dividend of 66.4p, making 90.6p for the year covered 2.2 times by earnings, not counting special factors.See the full content of this document
Extract
Rbs Is Banking On More Success
The shares jumped 60p to 2069p, yielding 4.4 per cent, while other banking shares languished in the doldrums.
"We have now had 14...See the full content of this document
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