UBS eyes higher dividend, sees buybacks above $5 billion in 2022

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ZURICH (Reuters) – UBS Group AG (SIX:UBSG) plans to increase its dividend to $0.55 per share and anticipates its share repurchases will exceed $5 billion for 2022, the Swiss bank said on Tuesday.

It said it would provide guidance on next year’s capital return with fourth-quarter earnings and expects “to continue to have share repurchases and a progressive dividend”, it added.