Lloyds Banking Group PLC (LYG) To Go Ex-Dividend on August 10th

Lloyds Banking Group PLC (NYSE:LYG) announced a dividend on Thursday, July 30th. Investors of record on Monday, August 10th will be given 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 of this dividend is Monday, August 10th.

Lloyds Banking Group has increased its dividend payment by an average of 0.1%annually over the last three years. Lloyds Banking Group has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Lloyds Banking Group to earn $0.64 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 39.1%.

Lloyds Banking Group Trading Down 1.4%

Shares of Lloyds Banking Group stock opened at $6.17 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50-day moving average of $5.75 and a 200-day moving average of $5.55. Lloyds Banking Group has a 52-week low of $4.05 and a 52-week high of $6.34. The stock has a market cap of $89.81 billion, a PE ratio of 14.34, a PEG ratio of 0.63 and a beta of 0.87.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.86 billion. Lloyds Banking Group had a net margin of 24.97% and a return on equity of 10.95%. As a group, sell-side analysts forecast that Lloyds Banking Group will post 0.54 EPS for the current year.

Lloyds Banking Group Company Profile

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.