- UBS Group AG UBS looks to increase its dividend by 10% to $0.55 per share, adding its board intends to propose at the 2023 annual meeting and expects its 2022 share repurchases to exceed $5 billion.
- As of September 9, UBS bought back $4.1 billion in shares.
- UBS would guide next year's capital return with fourth-quarter earnings and expects "to continue to have share repurchases and a progressive dividend."
- ZKB analyst Michael Klien assumed that this increase is related to the capital released due to the termination of the Wealthfront acquisition, Reuters reports.
- Vontobel analyst Andreas Venditti said the news confirmed his investment case that higher returns on capital result in attractive returns to shareholders in the form of dividends and share buybacks.
- Price Action: UBS shares traded higher by 2.55% at $17.31 in the premarket on the last check Tuesday.
- Photo Via Wikimedia Commons
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UBSUBS Group AG
$35.59-1.44%
Edge Rankings
Momentum
69.67
Growth
70.01
Quality
46.72
Value
N/A
Price Trend
Short
Medium
Long
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