Lloyds Banking Group plc (LON:LLOY) Declares Dividend Increase – GBX 2.11 Per Share

Lloyds Banking Group plc (LON:LLOY) declared a dividend on Thursday, February 20th, DividendData.Co.Uk reports. Stockholders 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 dividend 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 seen at this link.

Lloyds Banking Group Stock Up 3.3 %

Shares of Lloyds Banking Group stock opened at GBX 66.16 ($0.84) on Tuesday. Lloyds Banking Group has a 12-month low of GBX 49.42 ($0.63) and a 12-month high of GBX 74.46 ($0.95). The business’s 50 day moving average is GBX 67.77 and its 200-day moving average is GBX 60.43. The stock has a market cap of £40.12 billion, a P/E ratio of 8.37, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings results 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, sell-side analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Analysts Set New Price Targets

LLOY has been the topic of a number of recent analyst reports. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price objective on Lloyds Banking Group from GBX 62 ($0.79) to GBX 71 ($0.90) and gave the company an “underweight” rating in a report on Tuesday, March 25th. Finally, Citigroup increased their price target on shares of Lloyds Banking Group from GBX 61 ($0.78) to GBX 71 ($0.90) and gave the stock a “buy” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of “Hold” and an average target price of GBX 62.40 ($0.79).

Insider Activity

In related news, insider William Chalmers sold 11,338 shares of Lloyds Banking Group stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.89), for a total value of £7,936.60 ($10,102.60). Insiders own 0.17% of the company’s stock.

Lloyds Banking Group Company Profile

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.