UOB proposes special dividend, share buyback programme as it unveils long-awaited capital return plans

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.