RBS to pay first dividend since financial crisis

2p per ordinary share

Royal Bank of Scotland (RBS) has announced plans to reinstate a dividend for the first time since the financial crisis, declaring an interim dividend of 2p per ordinary share in its half-year report today.

The payment of the dividend and the timing is dependent on when a fine by the US Department of Justice is finalised, relating to an investigation into RBS's issuance and underwriting of US RMBS. RBS...