UOB proposes special dividend, share buyback programme as it unveils long-awaited capital return plans
It wants to return to shareholders S$800 million in surplus capital and buy back S$2 billion worth of its own shares
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UOB’s board has announced a S$3 billion package to distribute surplus capital over the next three years, as it aims to bring down excess capital.
The lender is proposing a special dividend of S$0.50 per share – paying out S$800 million of UOB’s surplus capital – over two tranches in 2025.
It also introduced a S$2 billion share buyback programme, where over the next three years shares will be acquired from the open market and cancelled.
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