RE: NatWest17 Feb 2024 10:29
Hounddog, thanks for the reply.
Forensicbloo
"Last year the Lloyds investor relations director clearly stated that ratio in one of ShareSocβs webinars in response to a question from a shareholder. Canβt remember which webinar. Also that is actually what they have been doing.
It would be very embarrassing for them to cut the dividend and that would be a last resort. The buyback would be stopped first."
What I mean is, which comes first?
Does the interim drive the final, or does the final drive the next interim? (Albeit in the 'next' year).
If it's the former, then under this policy, there will never be any mystery about the final dividend. It will always be known as soon as the interim is announced.
That doesn't seem quite right when full year profit is as yet unknown. And I mean that in the positive sense, profit could be far higher than predicted.