Lloyds to Pay Dividend this Year

Lloyds Bank, which is part owned by the tax payer, is expected to reinstate a dividend this year - despite revealing the total cost of PPI claims will total £10 billion

Alliance News 3 February, 2014 | 9:22AM
Facebook Twitter LinkedIn

Lloyds Banking Group (LLOY) has said it expects to make a "small" pre-tax profit for the full year ended December 31, 2013, after booking a further £1.93 billion in PPI and interest-rate-hedging product provisions.

In a trading update ahead of the bank's full-year results due February 13, Lloyds said it expects to make a £6.2 billion underlying profit, which is ahead of the £5.84 billion analyst consensus forecast used by the bank. For 2012, Lloyds underlying profit was £2.61 billion.

Lloyds also its net interest margin improved to 2.12% in 2013 from 1.93% in 2012.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Lloyds Banking Group PLC46.48 GBP0.00Rating
Sainsbury (J) PLC278.20 GBP0.00Rating

About Author

Alliance News  provides Morningstar with continuously updating coverage of news affecting listed companies.