Lloyds shares are popular with income investors. This is due to the fact that the bank currently offers an attractive dividend yield. Looking for details on the next Lloyds dividend? Here is everything you need to know.
Is Lloyds paying a dividend in 2023?
Lloyds rewarded shareholders with an attractive dividend in 2022 and it is likely to pay another big dividend in 2023.
However, dividends are never guaranteed. It’s important to remember that companies can cancel or reduce their dividend payouts at any time.
How much will I get from the dividend?
At present, analysts expect Lloyds to pay out 2.8p per share in dividends for 2023. That would represent an increase of 17% on the total payout for 2022.
Bear in mind, however, that dividend forecasts are not always accurate. So, the payout may be smaller (or larger) than 2.8p per share.
What is Lloyds’ dividend yield?
A company’s dividend yield is calculated by dividing its dividend per share by its share price and expressing the result as a percentage.
Given that Lloyds currently has a share price of 43p and is expected to pay out 2.8p in dividends for 2023, its yield is approximately 6.5%.
When is Lloyds’ dividend paid in 2023?
Lloyds will be paying two dividends in 2023.
On 23 May, the company paid out its final dividend for 2022. This was a payment of 1.6p per share.
Then, on 12 September, the company paid out its interim dividend for 2023. This was a payment of 0.92p per share.
What is the year-end final dividend?
Lloyds declares its year-end final dividend with its full-year results, which are usually posted in March.
In 2022, it declared a year-end final dividend of 1.6p per share. This was paid on 23 May 2023.
When should I expect my dividend?
Investors in Lloyds can expect to receive dividends in May and September.
In May, Lloyds makes its final dividend payment for the year before.
In September, it makes its interim dividend payment for that year.
How many times a year does Lloyds pay a dividend?
Lloyds typically pays dividends twice a year.
The first payment is usually in May. The second payment is usually in September.
What is the ex-dividend date?
A stock’s ex-dividend date is the day on which all shares bought no longer come attached with the right to be paid the next dividend.
So, if you want to receive the next dividend from Lloyds, you need to buy the stock before its next ex-dividend date.
How long do you need to hold shares to receive a dividend?
There is no set time that you need to hold Lloyds shares to receive the dividend.
However, to receive the next dividend, you need to own the shares before the next ex-dividend date.
For example, if you want to receive the final dividend for 2023, you need to buy shares before the ex-dividend date of the final dividend payout.
What is the Lloyds dividend forecast for 2024?
At present, the consensus 2024 dividend forecast for Lloyds is 3.1p per share.
Dividend forecasts are not always accurate though.
Do dividends go up?
Dividends can go up, down, or be flat year on year.
If companies are doing well, they tend to raise their dividends.
By contrast, if companies are not doing so well, they tend to keep their dividends flat or reduce them.
At present, Lloyds dividend is forecast to go up in the near term. However, there are no guarantees that it will rise from here.
How do I find my next dividend date?
You can find information on Lloyds’ dividend dates on the Lloyds Banking Group website in the Dividends section. This lists the stock’s ex-dividend dates and the dividend payment dates.
Based in London, Edward is a distinguished investment writer with an extensive client portfolio comprising a diverse array of prominent financial services firms across the globe. With over 15 years of hands-on experience in private wealth management and institutional asset management, both in the UK and Australia, he possesses a profound understanding of the finance industry.
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