Sunday July 12, 2020

AIB breaks from the pack

Eugene Sheehy’s decision to bump up AIB’s dividend by 10 per cent may be a confidence-boosting move, but it will probably not please the other banks, writes David Clerkin, Markets Correspondent.

2nd August, 2008

Eugene Sheehy’s decision to bump up AIB’s dividend by 10 per cent may be a confidence-boosting move, but it will probably not please the other banks, writes David Clerkin, Markets Correspondent.

Eugene Sheehy is in for a frosty reception at the next meeting of the Irish bank chief executives’ club. The AIB boss surprised even his own shareholders last week by bumping up the bank’s half-year dividend by 10 per cent, confounding...

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