RBS shareholders, including government, to receive windfall
LONDON (AP) — Royal Bank of Scotland says shareholders will receive a windfall after asset sales swelled second-quarter earnings.
The taxpayer-owned bank announced a special dividend of 12 pence a share alongside an ordinary interim payment of 2 pence a share. The government will receive about 1 billion pounds ($1.2 billion) from the 1.7 billion-pound dividend because of its stake in RBS.
Net income jumped to 1.33 billion pounds in the second quarter from 96 million pounds in the same peri
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