Member Info for longtimeinvestor

NC
''The div, is still the same''

BP's divi was the same as last quarter, but had previously been raised by 10% over Q3 2022. Q1 2023 amount was about 20% greater than Q1 2022 .

Zac
''My view is that, unless I read otherwise, the dividend remains safe.''

HFEL have as far as i know never cut the dividend and also have a dividend reserve built up from excess income.

''My issue is the continuing capital decline''
Management fees I believe comes from capital.
Also high yielding stocks had become unfashionable in recent years in favour of growth stocks.
Also I think about 30% of the fund is in financials and as we know financials have been hit recently with SVB. Credit Suisse etc.

Hopefully sentiment towards high yield stocks and the financials will improve

Bert
''many holders have been trapped here since 2008.''

No shareholder is trapped .
If you have been a shareholder since the formation of LBG then you could have got free of your shackles years ago by selling at abut 89p, but instead decided not to, only to then indicate that you are nearly fully out at these much lower levels.

Bert
''It should not be diverting funds for new shares.''
They just keep on coming.

No Lloyds are using capital to REDUCE shares in issue. New shares come from staff purchases and paper issues instead of cash being used - like a scrip issue where a company issues new shares instead of using cash resources.

bert
''it differs from your- Lloyds can do no wrong- mind set.''

I would have preferred a progression of the buyback amount, but they decided to keep it the same. I am not going to moan about their decision, like a number of people do with the dividend only increasing by 20%.

Bert
'' the last person I will take advice from is you.''
?

Bert
''I am lucky, I am nearly out of this share. By a country mile the worst share I misguidedly bought.
GL all long time holders.''

No, I simply gave you the next trading day that would make it possible for your above statement to happen.

Bert
''awarding themselves new shares''

The BOD's do not award themselves shares.

''Its the issue of new shares to themselves that really gets my goat. ''

No one at Lloyds bank gives themselves shares.
If anyone who wants to invest in shares does not know, or have a problem with staff of a business having schemes available where they can purchase shares or given shares as part of remuneration, then they are either stupid and/or should not be investing - simple

''The bank is spending £2 billion on buy backs partly funded by with held divi ''

No, money held back in 2020 has been fully returned to shareholders - it is not a separate amount of capita on the balance sheet. The buybacks have been funded from the profits of Lloyds bank, more of which is available for returns to shareholders after bad periods of the GFC, PPI payments and Covid 19. The dividend was increased 20% in 2022 and shareholders - (not you if you are selling soon) should see another good increase in 2023.

Where are you going to park your Lloyds proceeds that will provide a better alternative?

Bert
''I am lucky, I am nearly out of this share''

Well get fully out on Tuesday and then that at least will be one less moaner.
Where are you investing instead?

Bert
''Buy backs are a way of removing money from holders and redirecting some of it to the pockets of management through new share issues''

Once again clueless - The amount of money that staff members are able to save for purchasing shares (£500 per month these days?) and paper issues instead of cash calculations, are the same whether Lloyds make investments in Lloyds shares or not.

A1
so what are the other stocks, and do you complain about those as well?

A1
therefore you should be able to make further purchases of Lloyds without having to wait for a Lloyds dividend payment as you seemed to indicate in a previous post.

A1
So you love Lloyds - so much so that you put all your eggs in.

You really must hate the way other companies operate when you even complain about your freely chosen choice

bert

If anyone who wants to invest in shares does not know, or have a problem with staff of a business having schemes available where they can purchase shares or given shares as part of remuneration, then they are either stupid and/or should not be investing - simple

A1
''Buybacks are only likely to increase according to Jefferies''

It would have been good if he buyback programme had been progressed like the dividend has been, but they decided not to - maybe next year.

A1
''One might well speculate that the divi payout is being held low to aid the favoured buyback program?''

The dividend was increased by 20% for 2022, and should be a good 10% + increase for 2023.
You are complaining about being invested in a business with financial strength - how dumb - you have a sell button

A1
''2022 Buyback program £2bn
2022 pension deficit contributions £2bn''

You appear to be complaining about the financial strength of Lloyds - how dumb is that..

Bert
'' No new shares should be issued when buy backs are being done. Its immoral ''

so many thick people around.
staff can purchase new shares and some staff are given paper INSTEAD of cash.
Scrip issues create new shares instead of a cash payment, with many investors liking to take the paper in such companies that issue them

''dam right disrespectful to holders.''
you have a sell button

''Again - At least Dick Turpin wore a mask.-''

I am not being robbed so I am not sure how you can be - you have a sell button

A1
shall we start all over again?

''Lloy could easily have issued a 0.5p special ''
they decided not to - you have a sell button

''to make up for the withheld/cancelled 2019 divi - ''
The retained money has all been returned to shareholders - you have a sell button

''Correct IMO''

Incorrect - the yield is far greater than the ftse100 average with a forward yield of 5.5% + - they could have decided on a 5% increase for 2022 or none at all, but gave a 20% increase -
you have a sell button

''bias towards buybacks''
the forward yield is 5.5% + - you have a sell button

OI
I would not have thought that is a consideration. They increased the dividend by 20% for 2022. The increase in dividend will follow their policy of progression and sustainability. The market determines the value of Lloyds, so does not come into the equation when it comes to buyback/dividend policy.

OI
The reduction in share count is a helping hand when it comes to progression of the dividend payment. Sustainability is the key rather than a massive short term increase which later may come under pressure. The improving pension position will also add to the financial strength of Lloyds.