LSE:LLOY (Lloyds Banking Group plc)
About LLOY
Lloyds Banking Group PLC is one of the largest banks in the United Kingdom. It serves both the retail and commercial sectors through various lending and other financial services.
The bottom line comprises of net interest income from lending activity, mainly comprising of issuing mortgages and credit cards to consumers. Additional retail services include current accounts, wealth management, property insurance, and pension solutions.
The rest of the earnings originates from corporate-facing activities such as issuing business loans, transaction banking, and a myriad of other corporate banking services.
The management team has announced a strategy shift to purchase 50,000 homes within Britain by 2030. The goal is to become the UK's largest private landlord, generating income through rent with at least 10,000 properties added to its portfolio by 2025.
Frequently Asked Questions
-
The Lloyds share price has a reputation for stability and paying a steady dividend. This makes it commonly perceived as a defensive income stock. It’s one of the UK’s largest mortgage lenders, controlling the bulk of the market share. However, this also means its profit is highly dependent on the overall health of the British housing market.
Lloyds shares may be a suitable investment for investors seeking a low volatility stock and indirect exposure to the property market.
-
Yes. Lloyds shares pay a cash dividend at an average 35% payout ratio. Dividends were temporarily cancelled in 2020 due to the pandemic but resumed in 2021.
-
Lloyd shares pay out a dividend twice a year in April and August.
-
Lloyds shares are listed on the London Stock Exchange. They can be bought from any investment account that provides access to this exchange platform.
Lloyds Banking Group plc (LSE: LLOY) Latest News
Investing Articles
The FTSE 100 has surged 14% this month, but I’d keep buying these cheap shares!
Investing Articles
Stock market crash: 2 cheap UK shares I’d buy in an ISA for a recovery
Investing Articles
The Lloyds share price is up 15% this week! Should I buy more for my ISA right now?
Investing Articles
Cheap shares surge strongly on Monday. I’d buy these two while stocks last!
Investing Articles
The Lloyds share price is still way down, despite the ‘Biden bounce’. What will it take?
Investing Articles
2021 dividend forecasts: Lloyds, BP, Tesco
Investing Articles
Forget the Lloyds share price! I’d rather buy this cheap FTSE 100 share in my ISA in November
Investing Articles
These three cheap shares have crashed over 25%! Which would I buy today?
Investing Articles
Why is the Lloyds share price falling yet again? Here’s why I would buy today…
Investing Articles
Interested in Lloyds shares? Here’s what I’m buying instead
Investing Articles
Can the Lloyds share price return to 50p?
