Lloyds Banking Group PLC (LYG) to Issue Dividend of $0.13 on May 29th

Lloyds Banking Group PLC (NYSE:LYG) declared a dividend on Thursday, January 29th. Investors of record on Friday, April 10th will be paid a dividend of 0.134 per share by the financial services provider on Friday, May 29th. This represents a dividend yield of 447.0%. The ex-dividend date is Friday, April 10th.

Lloyds Banking Group has raised its dividend payment by an average of 0.1%per year over the last three years. Lloyds Banking Group has a dividend payout ratio of 51.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lloyds Banking Group to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 63.4%.

Lloyds Banking Group Trading Down 0.9%

Shares of LYG opened at $5.20 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $76.54 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.52 and a beta of 0.89. The stock’s fifty day simple moving average is $5.46 and its 200 day simple moving average is $5.13. Lloyds Banking Group has a twelve month low of $3.27 and a twelve month high of $6.34.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.52 billion. Lloyds Banking Group had a return on equity of 10.06% and a net margin of 24.30%. On average, equities research analysts forecast that Lloyds Banking Group will post 0.27 earnings per share for the current year.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.