AIB Group (LON:AIBG) Hits New 52-Week High at $401.00

Shares of AIB Group plc (LON:AIBG) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 401 ($5.11) and last traded at GBX 400 ($5.09), with a volume of 5652 shares trading hands. The stock had previously closed at GBX 400.50 ($5.10).

AIB Group Price Performance

The company’s 50-day simple moving average is GBX 356.30 and its 200 day simple moving average is GBX 353.98. The firm has a market cap of £10.40 billion, a P/E ratio of 630.00 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. Stockholders of record on Thursday, March 21st will be issued a €0.27 ($0.29) dividend. This represents a dividend yield of 6.03%. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from AIB Group’s previous dividend of $0.06. AIB Group’s dividend payout ratio (DPR) is 3,538.46%.

Insider Transactions at AIB Group

In other news, insider Tanya Horgan bought 10,000 shares of the stock in a transaction dated Friday, March 8th. The stock was purchased at an average price of GBX 443 ($5.64) per share, for a total transaction of £44,300 ($56,397.20). Company insiders own 39.99% 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.