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 closes up after full-year results from leading UK firms – are they buys?
Investing Articles
Can Lloyds shares get any cheaper?
Investing Articles
Empty Stocks and Shares ISA? I’d snap up these 3 stocks to start with!
Investing Articles
Here’s what these results tell me about the Lloyds share price
Investing Articles
Are Lloyds shares an excellent buy after 2023’s record profits?
Value Shares
The £2bn risk facing the Lloyds share price
Investing Articles
I’d buy 95,239 shares of this banking stock to generate £200 of monthly passive income
Investing Articles
I’d invest in Lloyds shares at 42p and let the dividends compound
Investing Articles
2 shares I’m targeting to boost my second income
Investing Articles
If I invest £10,000 in Lloyds shares, how much passive income will I make?
Investing Articles
At 41.5p, is the Lloyds share price now irresistibly cheap?
