AIB Group (LON:AIBG) Shares Down 1.1% – Here’s Why

AIB Group plc (LON:AIBGGet Free Report) fell 1.1% during trading on Monday . The company traded as low as GBX 548 ($7.08) and last traded at GBX 555 ($7.17). 15,025 shares were traded during trading, a decline of 51% from the average session volume of 30,655 shares. The stock had previously closed at GBX 561 ($7.25).

AIB Group Price Performance

The firm has a market cap of £15.51 billion, a price-to-earnings ratio of 7.59 and a beta of 1.65. The business’s 50-day moving average price is GBX 518.96 and its two-hundred day moving average price is GBX 465.72.

AIB Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be given a €0.37 ($0.40) dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 5.44%. This is an increase from AIB Group’s previous dividend of $0.27. AIB Group’s payout ratio is currently 31.44%.

About AIB Group

(Get Free Report)

AIB Group plc operates predominantly in Ireland and the United Kingdom. Our shares are quoted on the Euronext Dublin and the London stock exchange and we are a member of the FTSE4Good index. Our three core segments are: Retail Banking, Capital Markets and AIB UK. We also operate wholesale treasury activities along with control and support functions.

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