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
How many dirt cheap Lloyds shares must I buy to give up work and live off the income?
Dividend Shares
Which of these FTSE 100 heavyweight shares should I buy?
Investing Articles
If I invest £5k in Lloyds and Tesco shares, how much passive income will I receive?
Investing Articles
Lloyds shares pay over 5% a year in cash. But there’s more to them than that!
Investing Articles
Should I buy 20,000 more Lloyds shares for £620 of passive income in 2024?
Investing Articles
3 wonderful value stocks for bargain-hungry investors!
Investing Articles
6% dividend yield! Should I buy this cheap FTSE 100 stock for a second income?
Investing Articles
I’d invest £1,000 per month in these FTSE 100 stocks and hold on tight for a £38,000 passive income
Investing Articles
Could the Lloyds dividend be a long-term goldmine?
Investing Articles
Should I put £20,000 into Lloyds shares to aim for £1,040 in income?
Investing Articles
How will tremors in the UK housing market impact Lloyds shares in 2023?
