Lloyds Banking Group PLC (LYG) to Issue Dividend of $0.08 on September 25th

Lloyds Banking Group PLC (NYSE:LYG) declared a dividend on Thursday, July 30th. Investors of record on Monday, August 10th will be paid a dividend of 0.084 per share by the financial services provider on Friday, September 25th. This represents a yield of 272.0%. The ex-dividend date of this dividend is Monday, August 10th.

Lloyds Banking Group has raised its dividend payment by an average of 0.1%annually over the last three years. Lloyds Banking Group has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lloyds Banking Group to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 25.4%.

Lloyds Banking Group Stock Up 1.2%

NYSE:LYG opened at $6.26 on Friday. Lloyds Banking Group has a twelve month low of $4.20 and a twelve month high of $6.34. The firm has a market capitalization of $91.23 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.62 and a beta of 0.87. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 2.12. The stock’s 50 day moving average price is $5.82 and its two-hundred day moving average price is $5.58.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.86 billion. Lloyds Banking Group had a return on equity of 10.94% and a net margin of 24.97%. Equities research analysts expect that Lloyds Banking Group will post 0.54 earnings per share for the current fiscal 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.