Around 190,000 shareholders, including the UK government, have received a total pay-out of £240mln.
The dividend was reinstated back in August’s interim results but was paid out today.
“I’m pleased to be able to pay a dividend to our shareholders; a small return after their many years of patience and a testament to the hard work of everyone at this bank,” said chief executive Ross McEwan.
“This is another important milestone in our turnaround, almost ten years to the day that RBS was rescued by the British taxpayer.”
He added: “We have created a smaller, safer bank that is generating more sustainable profits. Our capital position is above our target and we are also looking to return any excess capital as soon as possible to shareholders.”
Shares were up 2% to 249.1p in late-morning trading on Friday.