Oireachtas Joint and Select Committees
Thursday, 1 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Ulster Bank
9:30 am
Gerry Horkan (Fianna Fail)
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When a company is paying dividends, it can be assumed it is doing so because it has generated significant operating profits. Mr. Stanley is saying that this particular dividend is really a return on capital that is in excess of the bank's requirements rather than a performance related dividend. Is that correct?