permanent tsb Group

Dividend restrictions lifted

  • Sectors : Banks
  • Companies : permanent tsb Group

Ratings and price correct at time of issue.

  • permanent tsb Group

    Closing Price: 167c

  • RATING 04/02/21

  • PREVIOUS RATING 06/03/19



The removal of the dividend blocker is welcome as a further key box ticked in PTSB’s investment case evolution, and a nice surprise in terms of timing. The decision is a reflection of the group’s ongoing normalisation from a regulatory perspective. The removal will not result in an immediate start to dividend payments for FY 2023, but depending on the balance between capital position and growth opportunities, a dividend may be considered with FY 2024 results.

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Dec 15 2023, 17:10 GMT