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Stock impact report

Lloyds Weighs Larger Buyback And Dividend Against Regulatory And Digital Goals [Yahoo! Finance]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Yahoo! Finance
Lloyds Banking Group announced a new share buyback program of up to £1.75b alongside a 15% increase in its annual dividend. The capital return plans follow strong full year financial results and improved digital banking performance. The moves come as the bank continues to operate under regulatory scrutiny and after recent fines. Lloyds Banking Group (LSE:LLOY), trading around £1.0545, is pairing these capital returns with a recent track record of strong share performance. The stock is up 3.5% over the past week, 7.2% over the past month, 6.3% year to date, 77.6% over 1 year, 130.5% over 3 years and 267.9% over 5 years. For income focused investors, the larger dividend and buyback come on top of that share price performance profile. The combination of a sizeable buyback, higher dividend and a focus on digital banking indicates that Lloyds is prioritising both capital returns and technology investment. Investors will be watching how these actions interact with ongoing regulator Show less Read more
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