Lloyds Banking Group plc (LON:LLOY) Increases Dividend to GBX 2.11 Per Share

Lloyds Banking Group plc (LON:LLOY - Get Free Report) declared a dividend on Thursday, February 20th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be given a dividend of GBX 2.11 ($0.03) per share by the financial services provider on Tuesday, May 20th. This represents a yield of 3.01%. The ex-dividend date of this dividend is Thursday, April 10th. This is a 99.1% increase from Lloyds Banking Group's previous dividend of $1.06. The official announcement can be viewed at this link.

Lloyds Banking Group Stock Up 0.6 %

Shares of LON LLOY traded up GBX 0.42 ($0.01) during trading on Friday, reaching GBX 66.76 ($0.87). The company had a trading volume of 298,485,156 shares, compared to its average volume of 175,523,156. Lloyds Banking Group has a 12-month low of GBX 49.42 ($0.65) and a 12-month high of GBX 74.46 ($0.97). The business's 50-day moving average is GBX 68.26 and its 200 day moving average is GBX 60.74. The stock has a market cap of £40.48 billion, a PE ratio of 8.44, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

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Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers sold 11,338 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 70 ($0.92), for a total value of £7,936.60 ($10,384.14). 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LLOY has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on shares of Lloyds Banking Group from GBX 61 ($0.80) to GBX 71 ($0.93) and gave the stock a "buy" rating in a report on Thursday, March 6th. Shore Capital reaffirmed a "hold" rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Lloyds Banking Group from GBX 62 ($0.81) to GBX 71 ($0.93) and gave the stock an "underweight" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of GBX 62.40 ($0.82).

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community. The Group's main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.