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Yet again another share buyback is not helping to lift the share price. Actually continues to drop as buyback continues.
Barclays are set to start a large share buyback from the end May lets see what effect that has on Barclays share price.
Nat West share price up from 100.00 to 192.00 in last 2 years.
Barclays 20p off 2 year high.
Lloyds 27p below 2 year high. Lloyds should be well over 50p in comparison to other 2 banks ???
Yahoo finance. Uk's largest banks lining up six-figure payouts for executives. Sky news states NatWest have told Treasury ministers. "Last year banks cancelled dividends worth a total of more than £7 bn."
Held and continued to buy this share prior to 2008 financial crisis.
No dividends for years.
Years to show any signs of a recovery then along comes PPI.
Three years of Brexit misery.
22 billion pounds later PPI nearing completion hope for a good recovery.
Then the coronavirus sending markets running.
Then government announce no sight of a reasonable negotiations by June with the EU we are heading for a no deal.
What next !!!
Longtimer is correct Lloyds to pay 20% of total dividend for year in 3 payments the following year.
Total divi 2019 is 3.37p.
20% of this is 0.674p payable in June - Sept and Dec.
Followed by final divi for year in May 2021.
The divi is a percentage of the share price so if the shares are 60p and lloyds pay 5% thats 3p for the year. Which is less than last year unless the share price recovers. So when the shares move to 80p and lloyds pay 5% that would be 4p for the year. Some people say the share price does not matter if you are holding long term but it does because it affects the dividend.