State to reap up to €1.2 billion in AIB dividend payments

AIB has told potential investors that over time as much as half of the bank’s annual profits will be returned to shareholders

The state is in line to receive more than €1.2 billion in dividend payments from newly floated AIB over the next three years.

AIB told potential investors in the last few weeks that as part of the plan to sell down the government’s stake, over time as much as half of the bank’s annual profits will be returned to shareholders.

AIB may have as much as €3 billion of excess capital between now ...