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They let him out for the day today then BB......
Gate, Roo was the bearded bloke on his feet talking cobblers at the HoC.
Have you had your medication today Cuckoo ?
Scratch that - I read it wrong. A second read of the RNS has cleared that up
Asperger - I thought the quarterly divi was due to start in Sept 2020, so after the final divi this year of 2.24p
A1 your post on Lloyd's are really excellent and save us lazy bones alot of leg work. I'm just worried you have had to go cold turkey on buy backs. #prayforA1
JamesRoo - via divis & buybacks just about every penny of profit is returned to shareholders - guess greedy/jealous deluded socialist labour fantasist wouldn't be happy till they nationalised all UK banks? #longlivecapitalism :-)
Livestock -
A sensitive job for the board - to transition from 2x divi to 4x divi without upsetting those who rightly expect and will have planned for their usual 19/20 final divi of 2.24p
And once the transition year has taken place difficult to make the following year anything less,
Well done Lloy - played a blinder - with Ppi finished the timing of this transition couldn't have be better IMO
Low risk/Safe Market leading yield - 2x covered!!!
Surplus used for buybacks!!!
Brexit Deal agreed next Saturday???
Professional Analysts already seeing the writing on the wall re SP.
When will it be increased to the rate previously promised?
Although most of you won`t know what was stated in the past.
MKT cap at last rising to over 50% ofwhat it was.
Asperger1
Thanks I didn't realize they were including the final divi from old and the new system , I do like reading your posts
2227
The aim is for a progressive sustainable dividend policy, so I feel a 5p yearly dividend although affordable at this moment in time, won't be a figure reached for maybe another 7 years.
No good for sentiment having to drastically having to cut a relatively near term 5p payment back down to 3.6p.
The excess capital can of course be allocated to share buybacks which are another form of return to shareholders. Cutting back or stopping a buyback would not affect sentiment as a large cut in dividend would, as of course the benefit of a buyback is not put into the dividend yield calculation.
A
''Total expected payable during calendar year 2020 = 4.256p''
Yes that should be close to the amount, though of course the yearly total payment and yield will be based on the financial year, which for this financial year should be about 3.36p.
asperger your input is marvellous may the black horse go over the 1 pound and further together we are stronger.
Thank you 2227 - My point stands - 2020 is set to be a bonus yield year :-)
Lloyds are likely to increase the dividend generously after this year as there won't be any PPI compensations to pay. 5p per share is quite possible in 2021 IMO.
Lloyd said they'll pay "at least" 20% of the previous years total. So to expect 0.75p per quarter is not unreasonable.
Livestock - thank you for questioning my figures, caused me to re-check, and hands up - I've made a small mistake, I projected quarterly divi's at 20% of 2020's expected divi total and not 20% of 2019's known total
Lloyds have told us - 3x quarterly divi's will be each 20% of the 'previous years' divi total (3x20%, 60% total)
To answer your question - IMO the calendar year 2020 will be a bonus because it will include the final divi from the old 2x divi system plus 3x quarterly divi from the new system
ie this -
Full year - 2.24p Payable May 2020
Q1 - 0.672p Payable June 2020
Q2 - 0.672p Payable Sept 2020
Q3 -0.672p Payable Dec 2020
Total expected payable during calendar year 2020 = 4.256p
Looking further ahead to the calendar year 2021, if they keep the same format
3x 20% of 2020 total + a final aprox 40% of the total divi payable
Full year ~40% (needs to be at least 1.76 final) - Payable May 2021
Q1 - 0.85p Payable June 2021
Q2 - 0.85p Payable Sept 2021
Q3 -0.85p Payable Dec2021
Total for calendar year 2021 (needs to at least match the transition 2020 total) = 4.256
I sure wouldn't want to be invested any where else
Lloyds sp next week above 62p by lunch 2mr.
Asperger1
I really appreciate your fingers and don't mean to be rude but Lloyds only seams to increase its dividend by 5% each year
Why do you expect a bonus yield this year?
Thanks
Spud23 -
With the move to quarterly dividends 2020 is expected to be a bonus yield year -
Full year - 2.24p Payable May
Q1 - 0.75p Payable June
Q2 - 0.75p Payable Sept
Q3 -0.75p Payable Dec
Total expected during 2020 = 4.49p
Add on a buyback premium?
Sure wouldn't want to be anywhere else
Good Morning, apologies if this has already been asked many times , but could someone please confirm if it is still every 6 months when the dividend payments are made, and what the months are? Thank you