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
£12,000 in savings? I’d buy these 3 FTSE shares to target passive income
Investing Articles
A 5.4% dividend bargain I’ll buy over Lloyds shares
Investing Articles
After the Lloyds share price hits a 52-week high, what next?
Investing Articles
Here’s why I’m selling my Lloyds shares to double down on this FTSE 100 stock
Investing Articles
Lloyds’ share price is dirt cheap! But I’d still avoid it like the plague
Dividend Shares
2 dividend shares with a price below £2 and a yield above 4.3%
Investing Articles
Which looks the better bank buy right now: Lloyds or NatWest shares?
Investing Articles
Up 31%, do Lloyds shares have more to give?
Investing Articles
Surely the Lloyds share price has gone too high?
Investing Articles
At 58p, is Lloyds actually a penny stock? And is it a buy today?
Investing For Beginners
At 52-week highs, here’s what may be next for the Lloyds share price
