Lloyds Banking Group PLC (NYSE:LYG – Get Free Report) announced a dividend on Thursday, July 30th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.084 per share by the financial services provider on Friday, September 25th. This represents a yield of 272.0%. The ex-dividend date is Monday, August 10th.
Lloyds Banking Group has raised its dividend by an average of 0.1%annually over the last three years. Lloyds Banking Group has a payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lloyds Banking Group to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 40.3%.
Lloyds Banking Group Stock Performance
LYG traded down $0.07 during trading on Friday, hitting $6.17. The company’s stock had a trading volume of 13,243,185 shares, compared to its average volume of 20,320,822. The business’s 50 day simple moving average is $5.73 and its 200-day simple moving average is $5.55. The firm has a market cap of $89.95 billion, a PE ratio of 14.03, a P/E/G ratio of 0.61 and a beta of 0.87. Lloyds Banking Group has a one year low of $4.05 and a one year high of $6.34. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.09.
Analyst Ratings Changes
Several analysts have issued reports on LYG shares. Weiss Ratings lowered Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, July 16th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from a “moderate buy” rating to a “hold” rating in a research note on Friday, July 17th. Berenberg Bank began coverage on shares of Lloyds Banking Group in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a research note on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on LYG
About Lloyds Banking Group
Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.
In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.
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