vested
Lloyds’s increasing dividend payments have helped its shares outperform those of Barclays Plc and Royal Bank of Scotland Plc in the past year.
The 0.85 pence-per-share interim dividend announced on Thursday will bring total dividends paid in 2016 to 2.04 billion pounds, almost double the 1.12 billion-pound dividends paid out in 2015.
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Lloyds to Cut 3,000 Jobs in Expense Push After Brexit Voteby Richard Partington
Shares drop on capital warning, dividend disapppointment
Bank’s first-half underlying profit topped analyst estimates
Lloyds’s increasing dividend payments have helped its shares outperform those of Barclays Plc and Royal Bank of Scotland Plc in the past year.
The 0.85 pence-per-share interim dividend announced on Thursday, will bring total dividends paid in 2016 to 2.04 billion pounds, almost double the 1.12 billion-pound dividends paid out in 2015.
Lloyds had 74,117 employees at the end of June, down almost 1,200 from the end of last year.
The bank will also spend 300 million pounds to cut about 30 percent of its non-branch real estate portfolio to help save about 100 million pounds in one-time savings and 100 million pounds of annual expenses.
First-half net income more than doubled to 1.86 billion pounds, as the company had lower provisions for conduct issues.
The bank did set aside 345 million pounds in the second quarter for such matters, and said the Financial Conduct Authority informed it in May that the regulator was probing the bank’s handling of delinquent mortgages.
Source: Bloomberg
http://www.bloomberg.com/news/articles/ ... rexit-vote
It's all about "how much you made when you were right" & "how little you lost when you were wrong"