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April 9, 2020, 1:17 a.m. EDT

UBS expects profit to rise, splits 2019 dividend

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By Olivia Bugault

UBS Group AG said Thursday that it expects net profit in its first quarter to rise, while it will pay its 2019 dividend in two installments.

The Swiss bank expects net profit to come in around $1.5 billion, compared with $1.14 billion a year earlier, while its CET1 capital and CET1 leverage ratios at the end of the first quarter should come in line with its targets.

UBS said that it will pay its dividend in two parts following a request from the Swiss financial regulator. The bank will propose a dividend of $0.365 a share for May 7 and a special dividend reserve of the same amount per share in November, it said.

UBS will publish its financial results on April 28.

Write to Olivia Bugault at olivia.bugault@wsj.com

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