AIB has paid out €594 million over the past two years by way of dividends and buying back some of the State’s shares – or what are known as directed buy-backs
AIB chief executive Colin Hunt has said he will outline on March 6th next, at the publication of its full-year results, how much capital it plans to return to investors over the coming years. Photograph: Shane O'Neill/Coalesce
However, group chief executive Colin Hunt promised on Wednesday, as AIB raised its full-year income forecasts for the third time in 2023, that the bank would “answer comprehensively” on March 6th 2024, as it publishes annual results, how much capital it plans to return to investors over the coming years.Insurers know the answer to Irish flood cover problem
Davy analyst Diarmaid Sheridan has already crunched the numbers. He reckons AIB will pay out almost €4.3 billion to investors over the next three years – the equivalent of almost 40 per cent of its current market cap.
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