The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
O.k. I'll sod off again , was funny , is true lol .
I got Nat West for a squid bigger divi than Lloyds morrow .
So what I’m getting here Rick is you don’t know what bonds are?
More money we don’t have to pay for with rising rates around the corner is good, genuinely can’t believe you have such a narrow veiw when the interim dividend is paying 1.5% which is good. Stronger balance sheet better earnings next year, better dividend for you.
People like this trash buisiness like vampiric leaches and then you wonder why the share price doesn’t grow?
caution backfiring at the moment with investors if their thoughts on income return is based on a 2p total dividend. With the quarterly dividend policy abandoned, I would have expected a 1p interim payment at the very least - not that I am in a hurry for returns personally.
And
''the only thing that isn't there is any regard for shareholders. Vote them out at the next opportunity ''
The CEO is not there
To 18.
Because Lloyds is a cash cow, income stock. Not an over inflated capital gain on low earnings tech stock. In other words dividends are expected to be paid and we want it.
th
''Lloyds have a long history of the one third - two third split for ordinary dividends going back to before the the financial crisis.''
These have been uncertain times , so cannot go on assumptions based on more stable periods.
If the progress out of the pandemic continues then a final dividend of double the interim should be a bare minimum. Lloyds were on course to paying an easily affordable 3.37p total dividend pre pandemic. Lloyds has a vast amount of excess capital. To pay a total 2p for this year would be taking caution to the extreme - a drop from 3.37p. At this stage Lloyds could easily afford to re base the dividend at a higher level than 2p . To have a yearly 2p dividend at the expense of other one off returns being larger than they need to be, would in my opinion be a mistake.
Today's Headline
By limiting interim divi to a measly 0.67p Lloy sends a clear 'DANGER' signal to the market
Why don’t some of you just buy corporate bonds and be done with it?
Would rather Lloyds use most of its earnings to fuel further cash generation than pay it to you..
Stocks are not meant to be dividend machines and we are only just out of a bad year, if you want divs but national grid or whatever...
"vote them out at the next opportunity"
Private investors will make no difference. Institutional Investors have the say with the sheer number of voting rights they have.
Right on, TR. The BOD have revealed themselves this time. The results were there, the money is there, the risks are fading or past for the most part - the only thing that isn't there is any regard for shareholders. Vote them out at the next opportunity - let's not forget about this at the next AGM just because there is a final dividend. This was the time for them to do the right thing and they failed, with no excuses.
A very disappointing day FTSE up , Lloyds looking like it could even go in red by end of day.
Am sure there are many Lloyds investors like me who kept their investment at start of pandemic, as thought they would get their 2019 dividend in May to be told 2 weeks before, none coming. So existing holders, who held through all this must feel a touch shafted by Lloyds.
Everyone that bought 40p and below, this will be good % dividend share in the future.
“1.9 million people remained on the scheme by the end of June”
When does HMG stop underwriting loans and mortgages? How many Lloyds loans, credit cards and mortgages are exposed when underwriting stops?
They would not want to steal the new bosses fire by giving anything too positive,when he has his shares in place, I would expect more ,just like aoh did with saying they would pay out 70%of profits
Back in 2015 the share price was 87p divi was 2.25 yielding 2.58%
Today's low sp Lloyds divi yields 4.30% the new CEO will probably do a multi million pound buyback boosting the share price back to the 80ies
In terms of dividends the shareholder clock is turned back pre 2015 (interim 0.75p, final 1.50p), no quarterly dividends too, jam tomorrow on track (accruing dividends).
Although the amount of declared dividend has not gone down well with many investors, Lloyds results were weighed down by £425 million of remediation charges(HBOS fiasco and misleading insurance clients). If there were no remediation charges dividend could potentially have been double the 0.67p declared. In my view looking good going ahead, more so if they can clean up their operations so not to incur the wrath of the authorities and be penalised with hefty fines.
Good info Tophat - nicking it and projecting ahead
2015 interim 0.75p, final 1.50p
2016 interim 0.85p, final 1.70p
2017 interim 1.00p, final 2.05p
2018 interim, 1.07p final 2.14p
2019 interim, 1.12p final 2.25p withheld
2020 interim, 0.00p final 0.57p
2021 interim, 0.67p final 1.34p? +special?
longtimeinvestor
Lloyds have a long history of the one third - two third split for ordinary dividends going back to before the the financial crisis.
2015 interim 0.75p, final 1.50p
2016 interim 0.85p, final 1.70p
2017 interim 1.00p, final 2.05p
2018 interim, 1.07p final 2.14p
2019 interim, 1.12p the final was never paid but recommended at 2.25p
Adjustments tend to be made with special dividends like those declared in 2015 and 2016, each of 0.5p.
th
''it looks like they have already decided to pay a total ordinary dividend of approx 2p''
They haven't decided anything - the re basing for the progressive dividend policy will be made at full year - the second half performance may have a bearing on what the re basing amount will be.
Lloyds has abandoned its plan to pay ordinary dividends quarterly and has reverted to paying them half yearly. Historically this meant paying approximately one third as an interim and two thirds as a final. With an interim dividend of 0.67p it looks like they have already decided to pay a total ordinary dividend of approx 2p.