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

Lloyds Banking Group plc (LON:LLOY) announced 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 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 accessed at this link.

Lloyds Banking Group Price Performance

Shares of LON:LLOY opened at GBX 65.96 ($0.84) on Tuesday. The stock’s 50-day moving average is GBX 67.77 and its 200 day moving average is GBX 60.43. The company has a market cap of £40.00 billion, a PE ratio of 8.34, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 1 year low of GBX 49.42 ($0.63) and a 1 year high of GBX 74.46 ($0.95).

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

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

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.