Lloyds Banking (LLPC.LSE) May 2024 Dividend - Stock Events (2024)

FAQs

Will Lloyds pay a special dividend in 2024? ›

Description. Lloyds Banking (LLPC. LSE) has announced a dividend of GBX4. 62 with an ex date of May 04, 2024 and a payment date of May 31, 2024.

Lloyds Banking Group Dividend

The Lloyds Banking Group final Dividend will be paid on 21 May 2024. The Dividend will be 1.84p per Lloyds Banking Group share and your entitlement is based on your holding as of 8am on 11 April 2024.

So at 49.4p per share, Lloyds' current share price carries a healthy yield of 6.2% for 2024. This is far ahead of the FTSE 100's 3.8% forward average. For 2025, the Black Horse Bank's yield marches to 6.8% too.

So there's plenty of scope for the Lloyds share price to drop below 30p again in 2024, driven by falling profits. But if it does, I'd turn bullish on the stock because the business will likely be set up for a cyclical rebound. It's not all bad news. There's no immediate sign of a dividend cut.

LLOY Analyst Recommendation Trends

In the current month, LLOY has received 18 Buy Ratings, 6 Hold Ratings, and 3 Sell Ratings. LLOY average Analyst price target in the past 3 months is 59.40p.

Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date. That's one day before the ex-dividend date.

Dividend declarations often accompany earnings announcements. Existing shareholders receive the declaration information directly from the company, usually by a notice in the mail. Investing information websites regularly publish upcoming ex-dividend dates, along with the amount of the dividend.

Dividends are typically issued quarterly but can also be disbursed monthly or annually. Distributions are announced in advance and determined by the company's board of directors. Companies pay dividends for a variety of reasons, most often to show their financial stability and to keep or attract investors.

To calculate a stock's dividend yield, all you need to do is divide the stock's annual dividend by its current share price. This value gives you the amount of money the stock's dividend pays out on every dollar invested in the stock.

What is a good dividend? ›

What Is a Good Dividend Yield? Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment. Your own investment goals should also play a big role in deciding what a good dividend yield is for you.

Lloyds Banking Group is forecast to grow earnings and revenue by 5.2% and 3% per annum respectively. EPS is expected to grow by 9% per annum. Return on equity is forecast to be 11.8% in 3 years.

Lloyds Banking's next quarterly payment date is on May 21, 2024, when Lloyds Banking shareholders who owned GB:LLOY shares before Apr 11, 2024 received a dividend payment of 1.84p per share.

30 April 2024

The result means the overall confidence figure remains at an elevated level compared to the Barometer's long-term average (28%), with only January 2024 seeing businesses report higher levels of confidence (44%) in the last 12 months.

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Future criteria checks 1/6

Lloyds Banking Group is forecast to grow earnings and revenue by 5.2% and 3% per annum respectively. EPS is expected to grow by 8.9% per annum. Return on equity is forecast to be 11.8% in 3 years.

British Airways passenger jets. IAG SA is weighing the prospect of reinstating dividend payments as soon as this year, people familiar with the matter said, bringing the airline group closer to fully repairing its finances after years of pandemic depression.