Lloyds Banking Dividend 2024 Record Date, Share Price, History

News: A dividend is a portion of a company’s profits that it distributes to its shareholders. It’s like a little bonus for being a part-owner of the company. Lloyds Banking Group, a well-known British bank, also pays dividends to its shareholders.

Lloyds Banking Group’s Dividend History

Previous Dividend: Lloyds Banking Group paid a dividend of 0.92p per share about 5 months ago.

Next Dividend: The upcoming dividend is expected to be paid in 4 months.

Dividend Frequency: Lloyds typically pays dividends twice a year (excluding special dividends).

Key Dates for the 2024 Dividend:

Record Date: This is the date when the company checks its records to see who the shareholders are. For the 2024 dividend, the record date is 11th April.

Ex-Dividend Date: If you own Lloyds shares on or before the ex-dividend date, you’ll receive the dividend. For 2024, the ex-dividend date is 11th April.

Payment Date: This is when the actual money lands in your account. The payment date for the 2024 dividend is 21st May.

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Dividend Yield:

The dividend yield is a fancy term that tells you how much you’ll earn from dividends compared to the share price. For Lloyds, the current dividend yield is 7.7%.

Why Is This Important?

Investors love dividends because they provide a steady income stream.

Lloyds’ dividend policy is progressive and sustainable, which means they aim to increase dividends over time.

About Lloyds Banking Group

Lloyds Banking Group, a prominent player in the UK financial landscape, serves a vast clientele exceeding 25 million individuals. Renowned for its diverse offerings spanning retail and commercial banking, insurance, and savings, it operates under esteemed brands such as Lloyds Bank and Halifax. Listed on the London and New York stock exchanges, the institution holds a substantial presence in the prestigious FTSE 100 index. With a market capitalization currently standing at £26,678.65 million, Lloyds Banking Group extends its reach through an expansive network of branches and cutting-edge digital banking platforms throughout the United Kingdom.

FAQs

Q: When can we expect the announcement of the dividend for the year 2024?

A: The dividend for 2024 has not yet been officially announced as of February 13, 2024.

Q: How frequently does Lloyds Banking Group issue dividends?

A: Lloyds Banking Group typically distributes dividends semi-annually.

Q: What is the current market capitalization of Lloyds Banking Group?

A: Lloyds Banking Group’s market capitalization stands at £26,678.65 million.

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