gb (stupid) The 'Great' in Great Britain - It is known as 'Great' because it is the largest island in the BRITISH Isles, and within it has England,Wales and Scotland.
sc ''generous stock option plans for its employees ''
who defined them as 'generous' ? If you did not know before investing that Lloyds as part of remuneration/staff benefits that it involves the ability to acquire shares in the bank by way of bonus or savings then you are a total FOOL.
If you are not happy with the arrangement then maybe you could find an alternative investment whereby such staff schemes do not exist .
the amount of dividends will be determined by bank profitability and the amount out of the profit the BOD decides to pay to shareholders. The current investment programme will mean that the dividend pots of the future will be divided between about 4.5 Billion fewer shares
cb Each share in issue represents a share in the capital of the business. By purchasing and cancelling shares means that the capital is shared between fewer shares.
The spend is reflected on the balance sheet but at the same time it will reduce shareholders equity by the same amount on the liabilities side of the balance sheet.