Co-operative Bank pays £90m dividend before transitioning to mutual ownership in 2025.

The Co-operative Bank is paying a £90m dividend to investors before its planned transition to mutual ownership in early 2025. The bank also reported a 2% increase in net mortgage balances and a 16% rise in lending to small and medium-sized businesses. The dividend, approved at 0.99p per Class A share, will be distributed on November 28, as the bank prepares to be sold to Coventry Building Society.

November 26, 2024
4 Articles