Barclays CEO Promises Clarity on Dividends at Start of 2021
- British lenders halted payouts in March after BOE pressure
- Comments come as Barclays beats third-quarter profit forecast
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Barclays Plc Chief Executive Officer Jes Staley said shareholders will have to wait until early 2021 to learn whether dividends can return, almost a year after the Covid-19 pandemic put the brakes on payouts.
“We’ll have the conversations with the Bank of England in the latter part of this year,” Staley said in a Bloomberg Television interview Friday, as he emphasized the strength of the bank’s balance sheet. “We will address our policy around returning capital to shareholders at our year-end results.”