What is the next Lloyds dividend 2024?
Lloyds Banking's upcoming ex-dividend date is on Apr 11, 2024. Lloyds Banking shareholders who own GB:LLOY stock before this date will receive Lloyds Banking's next dividend payment of 1.84p per share on May 21, 2024.
LLOY Stock 12 Month Forecast
Based on 11 Wall Street analysts offering 12 month price targets for Lloyds Banking in the last 3 months. The average price target is 59.40p with a high forecast of 70.00p and a low forecast of 50.00p. The average price target represents a 15.52% change from the last price of 51.42p.
| Description | Dividend (per share) | Payment date |
|---|---|---|
| Description Interim 2021 | Dividend (per share) 0.67p | Payment date 13/09/2021 |
| Description Final 2020 | Dividend (per share) 0.57p | Payment date 25/05/2021 |
| Description Interim 2020 | Dividend (per share) - | Payment date n/a |
| Description Final 2019 | Dividend (per share) - | Payment date n/a |
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.
When it comes to investing for dividends, there are three key dates that everyone should memorize. The three dates are the date of declaration, date of record, and date of payment.
Price gains
For Lloyds, we could see something like a 25% rise in five years — I have to estimate here, as forecasts only go three years ahead. So if the price-to-earnings (P/E) valuation should stay the same, that could mean a Lloyds share price of 54.4p.
Banks are often valued using a price-to-book (P/B) ratio. Lloyds has a P/B of 0.69, while Barclays trades at 0.39. On these two metrics, it's hard to rule in favour of Lloyds as a screaming buy. However, Lloyds does have a reputation as a defensive stock with a consistent dividend, which is worth keeping in mind.
Lloyds share predictions: Analyst sentiment
According to data compiled by MarketBeat as of 8 July 2022, the consensus analyst recommendation for Lloyds shares was bullish, with a total of 5 out of 8 analysts currently rating the stock as a 'moderate buy'.
Dividend Summary
There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 2.2. Our premium tools have predicted Lloyds Banking Group plc with 85% accuracy.
It's also worth noting that analysts' forecasts suggest Lloyds shares should be trading above their current levels anyway. Forecasts are for earnings per share of 7.26p in 2023, 6.43p in 2024, and 7.22p in 2025. In turn, the average share price target is 59.9p. This is 43% above the current level.
Will Lloyds Bank pay a special dividend in 2024?
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 shares may be a suitable investment for investors seeking a low volatility stock and indirect exposure to the property market. Do Lloyds shares pay dividends? Yes. Lloyds shares pay a cash dividend at an average 35% payout ratio.
“The long-feared recession failed to arrive, so there was no major increase in bad loans provision. And the lenders continued to focus on costs.” On the back of that, HSBC and Lloyds are tipped to post record pre-tax income, but share prices languish and Mould believes it is because the banks cannot be trusted.
| Stock | Dividend yield | Dividend growth streak |
|---|---|---|
| Walmart Inc. (WMT) | 1.4% | 50 years |
| Procter & Gamble Co. (PG) | 2.4% | 68 years |
| 3M Co. (MMM) | 6.5% | 65 years |
| Coca-Cola Co. (KO) | 3.3% | 61 years |
Preferred stocks have a different holding period than common stocks and investors must hold preferred stocks for more than 90 days during a 181-day period that starts 90 days before the ex-dividend date.
| Stock | Dividend yield |
|---|---|
| Coca-Cola Co. (KO) | 3.3% |
| Johnson & Johnson (JNJ) | 3.4% |
| Prologis Inc. (PLD) | 3.7% |
| Realty Income Corp. (O) | 5.9% |
Continued economic volatility, including higher mortgage rates, a cost-of-living crisis, and demand for housing outstripping supply could all impact Lloyds shares. If rates come down, the UK's largest mortgage lender could find new business is boosted, which could also send the shares upwards.
With FY results in February, Lloyds announced a new £2bn buyback. That's close to 7% of the market-cap at the time. And it should mean a 7% share price rise by the time it's complete, in theory. Oh, it's up 12% since then.
Lloyds earnings report
Lloyds announced a whopping 57% increase in profits for 2023, leading to a rise in its shares. However, this positive news was somewhat dampened by a charge of £450 million relating to a Mercer Finance Probe.
Among the popular UK stocks, FTSE 100-listed Lloyds Banking Group PLC (GB:LLOY) boasts a dividend yield of 5.19%. The yield exceeds the sector average of 2.1%, making it an attractive investment choice for passive-income investors. Lloyds is among the largest banks in the UK, serving around 27 million customers.
Is Lloyds Bank a good long term investment?
Dividends. On the passive income front, Lloyds shares compare favourably to the FTSE 100 index as a whole. The dividend yield, just shy of 6%, is well above the Footsie average of 3.8%.
Lloyds Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority: all our savings accounts, current accounts and ISAs are covered by the FSCS.
Bank of Scotland, Halifax and Lloyds, which are all part of the Lloyds Banking Group, will shut at least 176 of their bank branches in 2024 and 2025, after the Group announced a further 53 closures. The banks had a combined total of 1,154 branches as of Thursday 14 March.
| Name | Equities | % |
|---|---|---|
| Harris Associates LP 5.571 % | 3,546,216,787 | 5.571 % |
| Artisan Partners LP 3.240 % | 2,062,172,714 | 3.240 % |
| BlackRock Investment Management (UK) Ltd. 3.236 % | 2,059,968,610 | 3.236 % |
| The Vanguard Group, Inc. 3.113 % | 1,981,692,634 | 3.113 % |
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees.
