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Lloyds Banking Group Dividend
Gareth2020
Posts: 32 Forumite
With Lloyds announcing a dividend od 3.37p what does this mean for my shares?
Lloyds Ord 10p Share - 1,479 shares held
Lloyds Bank Non !!!!!! 9.75 Shares - 60
Lloyds Ord 10p Share - 1,479 shares held
Lloyds Bank Non !!!!!! 9.75 Shares - 60
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Comments
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3.37 is the total dividend for 2019.
1.12 interim was paid last year.
2.25 final to be paid 27/5/20.0 -
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do you know how much I could expect? I can't do the maths0 -
The 10p ones multiply the number of shares (1479) times the final dividend (2.25) and then divide by 100 to get in £.
Maybe enough for a nice Sunday lunch for a couple.
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For the non-!!!!!! preference shares you will get 9.75p per year per share (so £5.85 per year on your 60 shares) and they pay out in equal tranches twice a year - so about three quid at the end of both May and November.1
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Looks like no-one's getting "owt" as they say in Sean Bean land!
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The cash remaining in the business is no bad thing.0
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I'm choosing to read the language from the announcement two weeks ago as only applying to the ordinary shares, meaning holders of the various tranches of prefs would get their dividends at the end of next month as anticipated. So they will be getting owt instead of nowt (hope so, as I am one, and added recently at relative lows).SydSnott said:Looks like no-one's getting "owt" as they say in Sean Bean land!0 -
You're OK for now:"Does the cancellation of dividends apply to preference shares?I don't know if 'the coupons on preference shares are discretionary' is something to be worried about; presumably it is otherwise they wouldn't have mentioned it. Possibly softening a future blow?
Preference shares are not impacted by the dividend suspension. The coupons on preference shares are discretionary, but ceasing payments on ordinary dividends does not impact the Group’s ability to pay coupons."
From:
https://www.lloydsbankinggroup.com/investors/shareholder-info/dividends/
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