UBS to accrue for anticipated 2022 dividend of $0.55 per share
UBS said today that it will adjust its accrual for the 2022 ordinary dividend from USD 0.51 to USD 0.55 per share – an increase of 10% compared to the previous year. The Board intends to propose the dividend for approval by shareholders at the Annual General Meeting to be held in 2023.
In addition, UBS expects share repurchases to exceed the USD 5bn goal for the year 2022. As of 9 September 2022, UBS has bought back USD 4.1bn of shares.
Let’s recall that, for the second quarter of 2022, UBS posted profit before tax of USD 2,615 million (up 1% year-on-year). This included the sale of UBS’s stake in a joint venture. Total revenues were broadly flat in annual terms, while operating expenses decreased by 1%.
Net profit attributable to shareholders was USD 2,108m (up 5% from the year-ago quarter), with diluted earnings per share of USD 0.61. Return on CET1 capital was 18.9%. The quarter-end CET1 capital ratio was 14.2% (guidance: ~13%) and the CET1 leverage ratio was 4.37% (guidance: >3.7%).