Lloyds Banking Group plc (LON:LLOY) to Issue GBX 1.06 Dividend

Lloyds Banking Group plc (LON:LLOY) declared a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 1st will be paid a dividend of GBX 1.06 ($0.01) per share by the financial services provider on Tuesday, September 10th. This represents a yield of 1.78%. The ex-dividend date is Thursday, August 1st. The official announcement can be accessed at this link.

Lloyds Banking Group Trading Up 0.5 %

Shares of LLOY opened at GBX 59.99 ($0.77) on Wednesday. The company has a market capitalization of £37.80 billion, a PE ratio of 852.86, a PEG ratio of 1.89 and a beta of 1.23. Lloyds Banking Group has a 12 month low of GBX 39.42 ($0.51) and a 12 month high of GBX 61.72 ($0.79). The stock’s 50-day moving average price is GBX 56.69 and its two-hundred day moving average price is GBX 51.36.

Wall Street Analysts Forecast Growth

LLOY has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, July 8th. JPMorgan Chase & Co. boosted their price objective on Lloyds Banking Group from GBX 50 ($0.64) to GBX 54 ($0.69) and gave the company an “underweight” rating in a research note on Wednesday, July 3rd. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, July 25th. Finally, Peel Hunt initiated coverage on Lloyds Banking Group in a research note on Friday, April 19th. They issued a “hold” rating and a GBX 55 ($0.71) price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 56.83 ($0.73).

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.