What is important here is not the amount, it's the fact that the BOE have sufficient confidence in Lloyd's recovery to allow them to pay a dividend. OK, it's only 1% but Lloyds were one of the top ten dividend payers in UK. This is the first step on the road back to that list. This is why the institutions will now start to load up on LLOY shares. Once the government have finished offloading their holding this bank will go back to the status it once held.
Bear in mind that the banks talk about the "Money set aside for PPI claims". Not all of it will be spent as the PPI fest is now dying off. I know this as I used to get umpteen calls every week from shyster lawyers who wanted to fabricate a PPI claim for me. That has now stopped and because I was in the Petro-chemical industry I now get regular calls (probably from the same crooks) wanting me to put in a claim for loss of hearing due to high noise levels. I've told them that I'm a married man and therefore love being deaf.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.