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Hopefully bank dividends will not be sacrificed at the expense of "helping out" individuals who have been imprudent in their lifestyle.
When my endowment mortgage cheque fell short of the targeted amount at the outset by £13K (28%) in 2013, there was no outcry, and others like myself just had to deal with the situation. Today some individuals spend well beyond their means, and when it all goes pear shaped for them, there is almost an expectation that they will be supported.
No-one could have predicted the severe way that the CV19 plague has affected our lifestyles and financial situations. However, it is unreasonable for anyone nowadays to adopt a lifestyle well beyond their means and expect others to "pick up the tab" when they are unable to do so.
Sadly this always has been the case in the case of some individuals, and I remember from bitter experience a solicitor who went bankrupt in the 1990s, owing me several thousand pounds and causing a great deal of damage to my previously immaculate property - at a time when I was in a tight squeeze financially. Like most responsible people, I took the hit, picked myself up and got one with my life. I certainly did not expect a handout to ameliorate my family's situation. Since then, the previous Labour Government has changed matters, and there is a greater expectation that a safety net exists for those who need it. In my view a paradigm shift is desperately needed so that individuals become more self-sufficient, and accept full responsibility for their lifestyle choices.
Do you have the balls to post your trades live Jameroo - answer no!!!
#waltermitty
#Rooaintgotaclue
James what a gentleman you are.
Asp how do you do it, time after time producing figures and yet ignoring what they tell you.
LLoyds is a bank properly run it should be a nice wee earner with a good dividend.It is not a mining stock that someday is going to hit the mother lode so why not invest properly in a stock like SMT , which I have mentioned often, it will not the hit the mother lode either but is at least twice the performer that LLoyds is.
The best way to make money here is trading ,how many years have you punched in doing that 12/15 hours a day.I ran a team for over 20years and very few make it successfully.A lot that do hit markets on an upward trend for a period of years and when the bang comes they evaporate.Play it safe build a quality portfolio widely based or get someone to do it for you and stop dreaming of 100% returns in months yes it happens but rarely.
Try thinking that if you can make 15% per annum you can double your cash pile every 5 years .That is real success for the majority and is achieveable.
A lot of those that worked with me and for me ended disappointed, and they were good , there is only so much money in the market that is why massive downgrading occurs.Do you know that avoidance trick ,because either you have an endless supply of money to ride each one out, or you are very lucky.
I am not saying this is you but anyone that has a one trick pony in this race is a sure loser.
I really care I want to see everyone make money but it will be in varying amounts so think it through.
11 UK stocks where experts think the dividend is safe
https://www.ii.co.uk/analysis-commentary/11-uk-stocks-where-experts-think-dividend-safe-ii511057
“Given current uncertainties and the importance of finance providers being able to play their vital role in supporting the economy... finance providers are likely to want to discuss their dividend policy with their boards, shareholders and supervisors and review their 2020 distribution policy carefully,” UK Finance said.
https://www.reuters.com/article/us-health-coronavirus-banks-dividends/uk-banks-could-review-2020-dividends-due-to-pandemic-trade-body-idUSKBN21H1QA?il=0
So fortunate Lloyds Dividend is projected to be 2x covered by earnings !!!
Respect to AHO and the board
Divi 2x covered by earnings !!!
2020 projected results
Q1 Underlying £2.0bn Pre tax £1.6bn post tax £1.4bn divi 0.674p
Q2 Underlying £4.0bn Pre tax £3.2bn post tax £2.8bn divi 0.674p
Q3 Underlying £6.0bn Pre tax £4.8bn post tax £4.2bn divi 0.674p
Q4 Underlying £8.0bn Pre tax £6.4bn post tax £5.6bn divi 1.51p
= 3.53p total (cost~£2.5bn)
ie Dividend 2x covered !!!
Leaving the other £2.5bn for contingency, buybacks or acquisitions
First Quarter update going to be interesting
I am told Lloyd's been making big money
Busy Busy Busy
Call for Government to underpin pensioners by 80% if bank dividends are cut
Hope, this bull runs to 40p on news this week .
SUFCESSEX, I just keep my fingers crossed that some sense prevails.
Banks under pressure to keep paying dividends
https://www.telegraph.co.uk/business/2020/03/30/banks-poised-pay-dividends-despite-virus-crisis/
I agree rich
I one of those who have budget this Dividend to survive on in 2020
Millions of Lloyd's shareholders are not that well off and was advised to invest in Lloyd's for a bit of income with no interest paid on their savings
As long as Staff Bonuses are also stopped
If it's good for the goose its good for the gander
Antonio and the staff can not be seen to have their slice of the cake
I'll repeat again something I said earlier. There are a great many elderly people that have held bank stocks for years and rely upon the dividend to supplement their pension. These people have suffered under the ppi era when for years a dividend was not paid. To suddenly pull the final year dividend would have a sizeable impact and a more reasonable approach would be to communicate a reduction, at least allowing some of the dividend to be paid. The Banks are not responsible for what is happening and it's too easy to ignore those that are never heard. These same people do immeasurable voluntary work and every pound they have contributes to what they can give to their communities.
UK's biggest banks face pressure to axe dividends
The UK's biggest banks are facing pressure to cancel or delay big dividend payouts to investors to make sure they have the resources to keep struggling business afloat during the coronavirus crisis.
Britain's biggest banks - Barclays, HSBC, Lloyds, RBS and Standard Chartered – are due to pay out £15.3billion in dividends, a figure which exceeds the amount paid in 2007, just before the financial crisis, according to research by investment platform AJ Bell.
Half of that money is due to be paid out to investors in the coming weeks - but both small shareholders and big City investors face disappointment.
Being a novice about investing I would have thought by now that there would have been a RNS just to let us know if we will get a divi.