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Lloyds Banking Group, produced by the merger of Lloyds TSB and the Halifax banking group HBOS, is the biggest ever UK bank. The combined group, with around 145,000 staff and 3,000 branches, https://www.topforexnews.org/brokers/fxchoice-review-2021-detailed-trading-information/ will control around a third of UK’s mortgages and a quarter of all savings. Lloyds Banking Group has a dividend yield of 5.29% and paid 0.028 GBP per share in the past year.

1. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms.
2. The dividend is paid every six months and the next ex-dividend date is Apr 11, 2024.
3. They may have other tax implications, and may not provide the same, or any, regulatory protection.
4. Its profits are still closely tied to the performance of the UK economy.

So profits at Lloyds might remain more stable than those of other banking stocks. The sudden outbreak of Covid-19 — and the colossal impact this had on shareholder payouts across the London Stock Exchange — is evidence of this. Lloyds understands the importance of paying big dividends to its shareholders. So it’s been building shareholder payouts aggressively as it recovered from the depths of the pandemic.

Dividend History

The most recent change in the company’s dividend was an increase of GBX 0.92 on Thursday, February 22, 2024. However, I’m not convinced that the bank will continue growing strongly beyond next year. 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. In spite of the tough economic outlook, brokers are tipping further dividend growth over the short term, too. Dividends of 2.7p and 3p per share are predicted for 2023 and 2024 respectively.

Please log in to your account or sign up in order to add this asset to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Demand for financial products like current accounts and credit cards remains largely robust at all points of the economic cycle.

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency https://www.forex-world.net/stocks/unilever/ exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin.

Lloyds Banking Group Dividend History by Quarter

For 2023, the Black Horse bank’s yield sits at 5.9%, well above the 3.7% average for FTSE index shares. Add Lloyds Banking Group plc to receive free notifications when they declare their dividends. The 4 simple ways to improve your book selling strategy most recent change in the company’s dividend was a decrease of $0.0332 on Tuesday, February 27, 2024. Add Lloyds Banking Group plc – ADR to receive free notifications when they declare their dividends.

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. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

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The dividend is paid every six months and the next ex-dividend date is Apr 11, 2024. Lloyds Banking Group’s most recent dividend payment of GBX 0.92 per share was made to shareholders on Tuesday, September 12, 2023. Lloyds Banking Group’s next dividend payment of GBX 1.84 per share will be made to shareholders on Tuesday, May 21, 2024.

Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article. Lloyds Banking Group’s most recent annually dividend payment of $0.0792 per share was made to shareholders on Friday, September 22, 2023. Lloyds Banking Group’s next annually dividend payment of $0.0460 per share will be made to shareholders on Friday, May 31, 2024.

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The value of stocks, shares and any dividend income may fall as well as rise and is not guaranteed, so you may get back less than you invested. You should not invest any money you cannot afford to lose, and you should not rely on any dividend income to meet your living expenses. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes and different accounting and reporting standards. They may have other tax implications, and may not provide the same, or any, regulatory protection. Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock price rises in the currency of origin. Any performance statistics that do not adjust for exchange rate changes are likely to result in an inaccurate portrayal of real returns for sterling-based investors.