AIB Group (LON:AIBG) Reaches New 12-Month High at $436.81

AIB Group plc (LON:AIBG) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 436.81 ($5.44) and last traded at GBX 434.50 ($5.41), with a volume of 76664 shares trading hands. The stock had previously closed at GBX 422.50 ($5.26).

AIB Group Stock Performance

The firm’s 50 day moving average is GBX 389.14 and its 200-day moving average is GBX 362.98. The stock has a market capitalization of £11.23 billion, a price-to-earnings ratio of 659.23 and a beta of 1.70.

AIB Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 21st will be paid a €0.27 ($0.28) dividend. This is a boost from AIB Group’s previous dividend of $0.06. This represents a dividend yield of 6.03%. The ex-dividend date is Thursday, March 21st. AIB Group’s payout ratio is currently 3,538.46%.

Insider Activity at AIB Group

In other news, insider Tanya Horgan bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of GBX 443 ($5.51) per share, for a total transaction of £44,300 ($55,147.52). Company insiders own 38.98% of the company’s stock.

AIB Group Company Profile

AIB Group plc provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland and the United Kingdom. It operates through Retail Banking, AIB Capital Markets, and AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.