Lloyds Banking Group PLC (LON:LLOY) Raises Dividend to GBX 2.14 Per Share

Lloyds Banking Group PLC (LON:LLOY) declared a dividend on Wednesday, February 20th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 4th will be paid a dividend of GBX 2.14 ($0.03) per share by the financial services provider on Tuesday, May 21st. This represents a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Lloyds Banking Group’s previous dividend of $1.07. The official announcement can be accessed at this link.

Shares of LLOY stock traded down GBX 0.67 ($0.01) during mid-day trading on Friday, reaching GBX 65.90 ($0.86). The company’s stock had a trading volume of 144,065,217 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a 12-month low of GBX 49.52 ($0.65) and a 12-month high of GBX 67.46 ($0.88). The company has a market cap of $46.74 billion and a PE ratio of 11.98.

Several equities research analysts recently issued reports on the stock. Barclays reaffirmed an “overweight” rating and set a GBX 85 ($1.11) price target on shares of Lloyds Banking Group in a research note on Monday, April 8th. Bank of America downgraded shares of Lloyds Banking Group to an “underperform” rating in a research note on Thursday. Deutsche Bank lifted their price target on shares of Lloyds Banking Group from GBX 68 ($0.89) to GBX 72 ($0.94) and gave the stock a “buy” rating in a research note on Monday, February 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. set a GBX 80 ($1.05) price target on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 72.69 ($0.95).

In related news, insider Antonio Horta-Osorio sold 300,002 shares of Lloyds Banking Group stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 63 ($0.82), for a total value of £189,001.26 ($246,963.62). Also, insider George Culmer acquired 102,305 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of GBX 65 ($0.85) per share, for a total transaction of £66,498.25 ($86,891.74).

WARNING: This report was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/lloyds-banking-group-plc-lloy-to-issue-dividend-of-gbx-2-14-on-may-21st.html.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

Recommended Story: What is the outlook for the FAANG stocks?

Dividend History for Lloyds Banking Group (LON:LLOY)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.