Lloyds Banking Group (LSE: LLOY) has paid its shareholders some big dividends in recent years. Last year, however, the FTSE 100 bank was forced to suspend its dividend by the Bank of England. The regulator wanted to ensure that UK banks had enough capital on hand to support the economy during the coronavirus pandemic.
Will Lloyds pay a dividend in 2021? Let’s take a look at what the company has said about its distributions going forward.
Will Lloyds’ dividend make a comeback in 2021?
In Lloyds’ full-year results for 2020, posted in late February, the bank advised that its board had recommended a final ordinary dividend of 0.57p per share for 2020. This was the maximum allowed under the Bank of England’s guidelines.
This dividend is set to be paid on 25 May 2021, which is only a few weeks away now. The ex-dividend date for this was 15 … Read more