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April 9, 2020, 2:54 a.m. EDT

Swiss regulator says it welcomes UBS and Credit Suisse move to delay half their dividends

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By Steve Goldstein

The Swiss Financial Market Supervisory Authority said it welcomed the move by UBS /zigman2/quotes/206172872/composite UBS +0.85% /zigman2/quotes/206994749/delayed CH:UBSG +1.53% and Credit Suisse /zigman2/quotes/202835784/composite CS -3.61% /zigman2/quotes/205269278/delayed CH:CSGN -2.99% to postpone half of their planned dividend distributions for 2019 to the fourth quarter. "FINMA welcomes this significant step, which was taken after FINMA wrote to the boards of directors of both banks asking them to reconsider their dividend plans. FINMA views this precautionary measure taken by both institutions as a way of simultaneously dealing with the major uncertainties associated with the COVID-19 crisis and addressing shareholders' expectations," it said in a statement.

Read the full story:
European stocks climb on optimism policymakers will find ways to re-open economies

/zigman2/quotes/206172872/composite
US : U.S.: NYSE
$ 15.95
+0.14 +0.85%
Volume: 24,074
March 2, 2021 9:41a
P/E Ratio
8.85
Dividend Yield
2.32%
Market Cap
$56.57 billion
Rev. per Employee
N/A
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/zigman2/quotes/206994749/delayed
CH : Switzerland: SWX
CHF 14.63
+0.22 +1.53%
Volume: 8.71M
March 2, 2021 3:26p
P/E Ratio
8.75
Dividend Yield
2.31%
Market Cap
CHF51.68 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202835784/composite
US : U.S.: NYSE
$ 14.17
-0.53 -3.61%
Volume: 184,263
March 2, 2021 9:41a
P/E Ratio
13.47
Dividend Yield
0.80%
Market Cap
$35.24 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205269278/delayed
CH : Switzerland: SWX
CHF 12.98
-0.40 -2.99%
Volume: 8.60M
March 2, 2021 3:26p
P/E Ratio
12.32
Dividend Yield
2.25%
Market Cap
CHF32.19 billion
Rev. per Employee
N/A
loading...

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