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Bank of Ireland puts 2019 dividend on ice

Mon, 30th Mar 2020 07:32

DUBLIN, March 30 (Reuters) - Bank of Ireland on
Monday said it would not proceed with a dividend of 17.5 cent
per share for the year ended December 2019 following a
recommendation of the European Central Bank.

"In light of the evolving COVID-19 pandemic and following
the recommendation of the European Central Bank (ECB) of 27
March 2020 on dividend distributions for all significant
institutions during the COVID-19 pandemic, the Group will not be
proceeding with this proposed dividend," the bank said.

The bank also warned that its outlook for 2020 published on
Feb. 24 should therefore no longer be considered current in
these circumstances.
(Reporting by Graham Fahy; Editing by Toby Chopra)

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