Lloyds Banking Group share price LLOY Dividends

In the right-hand column, I’ve calculated the dividend yield each payout would provide at a share price of 42p. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group Plc.

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5. Finally, a steady growth in loan impairments also poses a considerable threat to profits and dividends.

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LLOY Dividend Yield Over Time

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First it’s worth considering how realistic current dividend forecasts are. Shareholder payouts have risen strongly from the depths of the Covid-19 pandemic, and City analysts expect them to appreciate again to 2.8p per share in 2023 from 2.4p last year. It seems as if current dividend estimates look quite realistic, too. This provides a wide margin of error in case earnings disappoint.

Lloyds Banking Group Dividend Payout Ratio

But on balance I’d still rather buy other UK shares for dividend income today. That said, Lloyds faces increasingly choppy waters that might threaten dividend projections next year and beyond, and keep its share price locked in its recent downtrend. Lloyds’ share price is largely unchanged on a 12-month basis. But growing fears over the state of the UK economy have caused the bank to sink by almost a fifth since the beginning of February.

Lloyds Banking Group

It set aside £688m in the three months to September alone, taking the total to well above £1bn. However, I’m not convinced that the bank will continue growing strongly forex money manager beyond next year. Its profits are still closely tied to the performance of the UK economy. And with some economists predicting a prolonged downturn until well into 2024, things could get bumpy.

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Then there’s the bank’s strong balance sheet to consider, which provides dividend forecasts (in the near term at least) with added strength. Lloyds’ CET1 capital ratio stood at a robust 14.6% as of September, still well ahead of the 12.5% target and 1% management buffer. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

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