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UBS CFO sees potential for higher dividend next year

UBS CFO sees potential for higher dividend next year

Reuters · 09/13/2022 09:34
UBS CFO sees potential for higher dividend year

- UBS UBSG.S will continue to have a progressive dividend and share buyback policy year, Chief Financial Officer Sarah Youngwood said on Tuesday, despite the Swiss bank's expecting a slowdown in the global economy.

"We continue to believe where we are with excess capital...we will continue to have a progressive dividend and share repurchases year," Youngwood told the Barclays Financial Services Conference.

Earlier on Tuesday UBS said its plans to increase its dividend by 10% and expects 2022 share repurchases to exceed its $5 billion goal, boosting payouts from its strong balance sheet after scrapping a $1.4 billion deal to buy automated wealth management provider Wealthfront.


(Reporting by John Revill; Editing by Michael Shields)

((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.))