Bank of Ireland has withdrawn the option of a stock alternative for shareholders instead of a dividend due to volatile markets.
Last month Bank of Ireland stated it would give shareholders the option to take stock priced at €8.10 instead of a cash dividend.
"Since then, continuing market volatility has resulted in a significant decline in the value of many financial stocks, including Bank of Ireland, which makes the stock alternative unattractive relative to current market prices," Bank of Ireland said in a statement this morning.
Bank of Ireland shares closed at €6.13 last night.
