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Dow Jones Newswires: UBS to improve 2022 dividend

UBS Group AG said Tuesday that it’ll improve the accrual for the 2022 ordinary dividend to $0.55 a share from $0.51.

The adjustment marks a rise of 10% from the prior years dividend, the Swiss bank UBS, +1.93% UBSG, +1.18% said.

The board of directors plans to propose the dividend for approval by shareholders at the annual general meeting in 2023, UBS said.

UBS said its expects its share repurchases for 2022 to exceed the $5 billion goal it had previously set. It said it has bought back $4.1 billion of shares by Friday.

Write to Maitane Sardon at maitane.sardon@wsj.com

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