Lloyds Banking Group plc LYG Dividend History, Dates & Yield

Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article. Aviva shares are currently trading at the lowest rate since the pandemic, but is this a buying opportunity? Some investors would still consider looking at the Lloyds dividend forecast for 2023 to further support their decision. But in my opinion, when the economy is giving clear signs of a potential recession, it’s critical to take a step back. Assuming management can continue to execute its long-term strategy successfully, patient income investors could be well-rewarded in the coming years. At least, that’s the impression that analyst forecasts would suggest.

Generate fixed income from corporates that prioritize environmental, social and governance responsibility. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend. In Lloyds Banking Group, dividends are distributed on a semiannual scheme during April and August. September 10, 2024 has been established as the date when Lloyds Banking Group will distribute £0.0106 per share to shareholders registered before August 1, 2024.

For 2023, the Black Horse bank’s yield sits at 5.9%, well above the 3.7% average for FTSE index shares. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The content of this article was relevant at the time of publishing.

Lloyds Dividend Forecast: 2023, 2024, 2025, 2026, 2027, 2028 Analyst Predictions

The Bank of England recently issued a warning for an “economic storm“, which is not to be taken lightly. During such a situation, banks are the first to receive the blow with increased loan defaults and a decline in profits. Needless to say, this could result in dividends taking a sharp blow as cash flow and earnings become adversely affected. Every day, companies and funds across the globe announce upcoming dividend payouts. ETFs and funds that prioritize investments based on environmental, social and governance responsibility.

Are Aviva shares a good investment?

I think Lloyds might struggle to generate decent earnings as the British economy grapples with an extended Covid-19 hangover and Brexit-related problems. The rate at which Lloyds is stashing away money for future bad loans is a big red flag to me. It set aside £688m in the three months to September alone, taking the total to well above £1bn. City analysts are expecting a full-year dividend of 2.4p in 2022. Outside The Money Cog, Saima is an avid supporter of empowering women in the workplace. She is currently working very closely with Women of Wonders Pakistan to help other women achieve their career goals.

• At the start of the year, Lloyds Bank announced an ambitious strategy for transforming its business.
• Our website offers information about investing and saving, but not personal advice.
• The dividend is paid every six months and the last ex-dividend date was Aug 5, 2024.
• Build conviction from in-depth coverage of the best dividend stocks.

Schedule monthly income from dividend stocks with a monthly payment frequency. LIDOX has an annual dividend of $0.30 per share, with a yield of 3.76%. The dividend is paid every three months and the last ex-dividend date was Sep 25, 2024.

Lloyds Banking Group Dividend Payout Ratio

Lloyds Banking Group’s most recent dividend payment of GBX 1.06 per share was made to shareholders on Tuesday, September 10, 2024. However, I’m not convinced that the bank will continue growing strongly beyond next year. Its profits are still closely tied to the performance of the UK economy. And with some economists predicting a prolonged downturn until well into 2024, things could get bumpy. Forecasts, by their very nature, are educated guesses and by no means guaranteed.

That’s why, personally, I think it may be best to keep this stock on my watchlist atfx review for now until a clearer picture forms of what lies in store for the British economy. © Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. Dividend capture strategy is based on LYG’s historical data. See Best Financial Dividend Stocks Model Portfolio for our top income & growth blend ideas in Financial.

For this reason, my main focus as a dividend investor is to find companies that can deliver reliable dividend growth. I’ve been taking a look at the latest City forecasts for the Lloyds dividend. Here, I’ll explain why I think the current share price slump could give me an opportunity to profit from an income growth technique used by Warren Buffett. Historically, this banking stock has been a safe haven for many income investors in the United Kingdom.

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The dividend history of Lloyds Banking Group, limited to just one year, does not provide enough information to assess whether its dividends are increasing. The most recent dividend payment by Lloyds Banking Group, made on May 21, 2024, was £0.0184 per share. Lloyds Banking Group (LLOY) has determined a dividend of £0.0106 per share, offering a yield of 0.00%. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Any opinions expressed are the opinions of the authors only. The content provided has not taken into ironfx review account the particular circumstances of any specific individual or group of individuals and does not constitute personal advice or a personal recommendation. No content should be relied upon as constituting personal advice or a personal recommendation, when making your decisions. If you require any personal advice or recommendations, please speak to an independent qualified financial adviser. The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change.

Final thoughts on the Lloyds dividend forecast

If Lloyds’ dividend rises as City analysts expect, the dividend yield on my 42p cost price could rise to 6.7% in 2024. This would give me an income that’s nearly double the current FTSE 100 yield of 3.8%. Lloyds Banking Group’s dividend yield of 4.69% is higher than the average Financial Services company that issues a quantitative trading dividend.