For 2023, the Black Horse bank’s yield sits at 5.9%, well above the 3.7% average for FTSE index shares. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. For 4 years, Lloyds Banking Group has paid dividends, increasing them each year for the last 2 years.
When will your shares be quoted ex-dividend, and when will the interim ordinary dividend be paid?
By contrast, if companies are not doing so well, they tend to keep their dividends flat or reduce them. If companies are doing well, they tend to raise their dividends. However, to receive the next dividend, you need to own the shares before the next ex-dividend date.
Savings accounts
Lloyds Banking Group has an annual dividend of £0.028 per share, with a yield of 4.52%. The dividend is paid every six months and the next ex-dividend date is Aug 1, 2024. The Motley Fool has no position in any of the stocks mentioned. At present, the consensus 2024 dividend examples of intermediate goods forecast for Lloyds is 3.1p per share. Lloyds rewarded shareholders with an attractive dividend in 2022 and it is likely to pay another big dividend in 2023. The Bank of England recently issued a warning for an “economic storm“, which is not to be taken lightly.
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It simply can’t issue stock at the current level to fund new acquisitions. Meanwhile, higher interest rates, and its elevated leverage ratio, make borrowing money prohibitive. If rates don’t fall and its stock price doesn’t improve, the company won’t be able to grow while addressing future funding maturities. The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change.
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- However, growth beyond that year remains uncertain, given its current high cost of capital.
- That has it well on its way to achieving its target of completing 1.3 GW of repowering projects by 2026 to help achieve its dividend growth outlook of 5% to 8% annually with a target of 6%.
Shares and funds
Our analysts have selected this fund for the Wealth Shortlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The most recent change in the company’s dividend was a decrease of GBX 0.78 on Thursday, July 25, 2024.
Lloyds Banking Group plc
Its profits are still closely tied to the performance of the UK economy. And with some economists predicting a prolonged downturn until well into 2024, things could get bumpy. The sudden outbreak of Covid-19 — and the colossal impact this had on shareholder payouts across the London Stock Exchange — is evidence of this. The content of this article was relevant at the time of publishing.
Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock rises in the currency of origin. Any performance statistics that do not adjust for exchange rate changes are likely to result in inaccurate real returns for sterling-based UK investors. We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing.
The firm has a fifty day moving average price of GBX 56.30 and a 200 day moving average price of GBX 50.94. If I only focus on the dividend yield, the Lloyds share price looks like an attractive investment for my portfolio. After all, not many businesses can offer a sustainable 6% dividend yield.
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So, the payout may be smaller (or larger) than 2.8p per share. While Lloyds Banking Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys. https://www.1investing.in/ With higher interest rates creating a more favourable lending environment for banks, the group’s earnings have been trending upward, paving the way for a more substantial shareholder payout.