Lloyds Banking Group PLC (LLOY) Announces GBX 0.85 Dividend

Lloyds Banking Group PLC (LON:LLOY) announced a dividend on Thursday, July 28th. Shareholders of record on Thursday, August 11th will be paid a dividend of GBX 0.85 ($0.01) per share by the financial services provider on Wednesday, September 28th. This represents a dividend yield of 1.62%. The ex-dividend date is Thursday, August 11th. The official announcement can be accessed at this link.

Lloyds Banking Group PLC (LON:LLOY) traded down 5.83% during trading on Thursday, reaching GBX 52.50. 454,732,161 shares of the company’s stock traded hands. The company’s market capitalization is GBX 44.28 billion. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 86.61. The firm’s 50 day moving average is GBX 58.36 and its 200-day moving average is GBX 64.83.

In related news, insider Horta-Osorio,Antonio acquired 2,873 shares of the stock in a transaction dated Monday, May 16th. The shares were acquired at an average price of GBX 66 ($0.88) per share, for a total transaction of £1,896.18 ($2,514.49). Also, insider Blackwell,Lord acquired 50,000 shares of the stock in a transaction dated Thursday, May 5th. The stock was bought at an average price of GBX 65 ($0.86) per share, for a total transaction of £32,500 ($43,097.73).

LLOY has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 63 ($0.84) price target (down previously from GBX 78 ($1.03)) on shares of Lloyds Banking Group PLC in a report on Sunday, June 26th. Societe Generale reaffirmed a “buy” rating and issued a GBX 70 ($0.93) price target on shares of Lloyds Banking Group PLC in a report on Sunday, July 3rd. Independent Research GmbH set a GBX 50 ($0.66) price target on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a report on Friday, June 24th. Citigroup Inc. set a GBX 50 ($0.66) price target on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a report on Thursday. Finally, Morgan Stanley set a GBX 70 ($0.93) price target on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Thursday, June 30th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 70.89 ($0.94).

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.