When Do Lloyds Pay Dividends?

Lloyds Banking Group is a cornerstone of the UK financial sector, known for its consistent dividend payments to shareholders. For both current and prospective investors, understanding Lloyds' dividend schedule, historical payouts, and share performance is crucial for informed decision-making.

Dividend Payment Schedule

Lloyds Banking Group typically pays dividends twice a year, comprising an interim dividend and a final dividend.​

• Interim Dividend: Announced with the half-year results, usually in late July, with shares going ex-dividend in early August and payment made in September.​

• Final Dividend: Declared alongside the full-year results in February, with shares going ex-dividend in April and payment distributed in May.​

This semi-annual schedule provides shareholders with regular income, reflecting the company's commitment to returning value to its investors.​

Upcoming Dividend Dates

For the financial year ending 31 December 2024, Lloyds has proposed a final dividend of 2.11 pence per share. Key dates for this dividend are:​

• Ex-Dividend Date: 10 April 2025

• Record Date: 11 April 2025​

• Payment Date: 20 May 2025​

Shareholders must be on the register by the record date to qualify for this dividend. ​

Historical Dividend Performance

Lloyds has demonstrated a pattern of increasing dividend payouts in recent years:​

• 2024:

• Interim Dividend: 1.06 pence per share (paid on 10 September 2024)​

• Final Dividend: 2.11 pence per share (proposed for 20 May 2025)​

• 2023:

• Interim Dividend: 0.92 pence per share (paid on 12 September 2023)​

• Final Dividend: 1.84 pence per share (paid on 21 May 2024)​Home

• 2022:

• Interim Dividend: 0.80 pence per share (paid on 12 September 2022)​

• Final Dividend: 1.60 pence per share (paid on 23 May 2023)​

This upward trend underscores Lloyds' dedication to enhancing shareholder returns. ​

Share Price Performance

As of 25 March 2025, Lloyds' share price stood at 73.38 pence, reflecting a 1.41% increase from the previous trading session. The stock is nearing its 52-week high of 74.46 pence, achieved on 6 March 2025. Over the past year, Lloyds' shares have exhibited resilience, trading within the range of £0.45 to £0.75.

Investment Considerations

Investing in Lloyds offers several advantages:

• Consistent Dividends: The bank's semi-annual dividends provide a reliable income stream.​

• Market Position: As one of the UK's leading banks, Lloyds benefits from a strong domestic presence.​

• Dividend Growth: Recent increases in dividend payouts indicate financial health and a commitment to shareholder value.​

However, potential investors should also consider:

• Economic Sensitivity: As a financial institution, Lloyds' performance is closely tied to the UK economy.​

• Regulatory Environment: Changes in banking regulations can impact profitability and dividend policies.​

Comparison with Peers

When evaluating Lloyds alongside similar UK banks:

• Barclays:

• Share Price: Approximately £1.70

• Dividend Yield: Around 4.5%​

• HSBC:

• Share Price: Approximately £6.00​

• Dividend Yield: Approximately 7.4%

Lloyds' dividend yield is competitive within the UK banking sector, making it an attractive option for income-focused investors.​

Final Thoughts

Lloyds Banking Group's structured dividend schedule, coupled with its consistent performance, positions it as a compelling choice for investors seeking regular income. With the next dividend payment slated for 20 May 2025, shareholders can anticipate continued returns. As always, it's prudent to assess personal financial goals and market conditions before making investment decisions.​