Lloyds Banking Group - LLOY - Share Chat

Down to 45p again that came out of nowhere.

Did we get some bad news? I want to average down further with this share but the question is how low will it drop and will it hit under 40p again?

All I know is I have no cash to invest till payday anyway :).

1 Like

Oh dear down again? Are we Gna hit sub 40p here?

Topping up again today to average down my price. Long term 5 year hold as part of my pension provision.

Same I’ve added again. I’m aiming to hit 10k shares before the end of this year.

I’m not worried about this FCA issue. They’ve provided a billion for it which is covered by the surprise Telegraph loan repayment.
Dividends are meant to be rising (target of 8%) and with added buybacks the SP should be increasing.

The is an investigation into car finance.

Never thought I’d say this but #nannystate.

Would be frustrating for the investors if Lloyds had to use the loan money back to pay off in compensation. I think we were all hoping we might see some of this back in special dividend or share buy back. Or something nice like that.

Personally. Lloyds will most likely be apart of my portfolio throughout my investing life cycle. If there are dips below my average or cheaper/undervalued opportunities. If I have spare funds available. I’d must likely grab a few along the way.

1 Like

Yeah that is the way I see it as well. I’m not going to buy when it is above my average, but if it is close or below I’ll topup with some spare just to get the dividends, which look stable and well covered. I see it more as I put ~40p into a bucket and then that bucket pays me ~2p a year and I also have the capability of getting my original 40p back out with some variance. Sometimes more sometimes less. I unfortunately started investing two days before the war in Ukraine, so my LLOY is ~9% down, but when factoring in the dividends I’m still 5% up over the two years, and if the price remains stableish at this new 0.4 - 0.44 level then I’ll be up ~9% next year and it will just keep on growing, coupled with the averaging down should hopefully give me a little pot paying ~6% returns for life. (Spread the same across other boring but dependable shares to minimise risk means an extra pension of hopefully 8k a year without hitting the capital so I can pass it on to my kids. Now to make sure the kids know to start earlier than I did and they can hopefully get to 20k - 30k a year with a bigger pot to pass down to their kids repeat repeat repeat and eventually the family wouldn’t have to worry about money)

3 Likes

Great outlook in-line with what I’m trying to do. Already got the kids setup with a cash and stocks and shares isa’s. They’re too young to understand it all at the moment. But I want them to start thinking about saving for later in life as early as possible. Like you I’m hoping I can build up and additional dividends income that will support me and my family on top of my pensions. When the nee isa rules come into play. I’ll move my Freetrade stocks out if GIA and into isa. Where I can/suitable. As capital and dividend allowances being ripped to shreds by this government. The buggers.

1 Like

Well it’s currently lower than last year according to last May’s amount? 0.9of a p compared to 1.2p :thinking:

No idea what you’re referring to there ( mixing up interim and final dividends? ) but total dividend payment in 2023 was 2.52p and in 2022 was 2.13p

Ok the final dividend (the may one) which is saying it’s march not may this year for some reason
May 2023 1.6p per share
May 2022 1.33p

Mar 2024 is saying it’s 0.9p

So the interim (sept one) is going to have to be over 1.6p to beat last year’s
Is what I’m trying to refer too.

Where are you seeing March as 0.9p? The dividend is yet to be announced, but it was 0.92p for the dividend paid in September

Yes I know it was 0.92p in sept which was also
On stock exchange app!

Says the ex div is in 16 days
I find it a bit weird how’s it’s march when normally may?

We shall see if it right? It normally isn’t wrong.

I get dividend info from dividendata.co.uk and they have:

So on Monday we find out the dividend to go ex in april and be paid in may. Where are you getting your info?

1 Like

The stock events app has it as estimated, and also has the ex dividend date wrong. The dividend, ex and payment date will all be announced at full year results on 22 Feb

Still owe Lloyds or Lloyds TSB as it was then on an overdraft so profiting on their shares might be a bit rude. :slight_smile:

2 Likes

And has this been accurate every time? Fair enough!
Like I said above stock exchange (the app) only 3 days to wait then if your is right :+1:t2:

It only contains past events so yes it is accurate.

It’s 22 Feb the final dividend is announced.

1 Like