RE: bigger picture18 Feb 2021 08:00
the bigger picture is not the dividend but the increasing value of the loan (debt) defaults as the world is yet to come out of its lockdown.
with Lloyds being very UK centric, when furlough ends, a lot of businesses will fail to reopen and unemployment will rocket as will the ability of a lot of businesses and people to be able to service or repay their normal debts, let alone all the other covid specific short term loans.
in the words of your immortal flaky
the 'worst' is yet to come :-)