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
Up 21% this year, the Lloyds share price is booming, but these factors could change that
Investing Articles
Here’s why the Lloyds share price could move closer to £1!
Investing Articles
Here’s how much 10 years of dividends from Lloyds shares could be worth
Investing Articles
What’s going on with the Lloyds share price?
Investing For Beginners
More interest rate cuts this year could help these UK shares rocket higher
Investing Articles
If I’d put £5,000 into Lloyds shares at the start of 2024, here’s what I’d have now
Investing Articles
If I could pick just one passive income stock from the FTSE ever, this would be it
Investing Articles
Potentially 53% undervalued, is the Lloyds share price just getting started?
Investing Articles
Will the Lloyds share price just keep rising?
Investing Articles
Forget Lloyds shares! I’d rather buy this highly popular FTSE 100 value stock
Growth Shares
60p? This broker just downgraded the forecast for the Lloyds share price