AIB Group (LON:AIBG) Reaches New 12-Month High at $442.00

AIB Group plc (LON:AIBG) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 442 ($5.55) and last traded at GBX 442 ($5.55), with a volume of 2009220 shares. The stock had previously closed at GBX 421.50 ($5.30).

AIB Group Stock Down 2.7 %

The company has a market cap of £11.27 billion, a PE ratio of 680.00 and a beta of 1.70. The company has a 50-day moving average of GBX 407.40 and a 200-day moving average of GBX 368.63.

AIB Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 21st will be issued a dividend of €0.27 ($0.29) per share. The ex-dividend date of this dividend is Thursday, March 21st. This is a boost from AIB Group’s previous dividend of $0.06. This represents a yield of 6.03%. AIB Group’s payout ratio is 3,538.46%.

Insiders Place Their Bets

In other AIB Group news, insider Tanya Horgan bought 10,000 shares of the stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of GBX 443 ($5.57) per share, for a total transaction of £44,300 ($55,653.27). Insiders own 38.98% of the company’s stock.

About AIB Group

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.