Tuesday September 22, 2020

Bank of Ireland gears up to pay dividends again

Preference share repayment clears the way for dividends

Ian Guider

Markets Editor

@ianguider
3rd January, 2016
Some €3.5 billion of preference shares were injected by the state into the bank in March 2009.

Bank of Ireland will this week clear the way to resume dividends after repaying its remaining €1.3 billion of preference shares.

The repayment of €1.3 billion will take place on Tuesday and completes the steps necessary before the lender can return cash to investors.

Some €3.5 billion of preference shares were injected by the state into the bank in March 2009. The preference shares counted as part of the bank’s capital to withstand losses. In...

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