RE: Clydesdale/PPI Divi Risk5 Sep 2019 14:23
It's already been expensive for Lloyds JB, what, over Β£20 billion to-date and the divi still well covered.
Lloyds is forecast to have a capital surplus at the end of the year of between Β£1.9bn-Β£2.4bn, which would theoretically be available to fund further distributions to shareholders, either by way of share buy-backs or special dividends.
My money is with Lloyds rather than Clydesdale especially with their SP down over 20% today.
Mind you saying that, it might be worth a punt right now.