Lloyds Banking Group plc (NYSE:LYG - Get Free Report) announced a semi-annual dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Friday, April 11th will be paid a dividend of 0.1035 per share by the financial services provider on Friday, May 30th. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05.
Lloyds Banking Group has increased its dividend by an average of 28.8% per year over the last three years. Lloyds Banking Group has a dividend payout ratio of 44.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lloyds Banking Group to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 51.2%.
Lloyds Banking Group Stock Performance
Shares of NYSE:LYG traded down $0.08 during mid-day trading on Monday, hitting $3.67. 45,972,110 shares of the company traded hands, compared to its average volume of 12,384,334. The firm has a market cap of $55.74 billion, a P/E ratio of 11.12 and a beta of 1.31. Lloyds Banking Group has a 52-week low of $2.35 and a 52-week high of $3.78. The firm's 50 day simple moving average is $3.02 and its 200 day simple moving average is $2.96.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The company had revenue of $9.46 billion for the quarter, compared to analysts' expectations of $4.76 billion. Equities research analysts expect that Lloyds Banking Group will post 0.27 EPS for the current fiscal year.
Lloyds Banking Group Company Profile
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Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.
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