jump to navigation

Lloyds TSB Group (LYG) high dividend Bank stock yields 7% November 20, 2007

Posted by deminvest in European Stocks, Lloyds TSB Group, LYG, stocks, stocks that pay high dividends.
trackback

This British stock seems great:

  • Cheap:
    • Trailing P/E: 8.42
    • Forward P/E : 8.15
  • Growing well:
    • Quarterly Revenue Growth (yoy): 24.30%
    • Quarterly Earnings Growth (yoy): 26.90%
  • Offering excellent dividends:
    • Dividend Yield 7%

There is just a couple of questions should scare uneducated investors like me:

  1. Is Lloyds TSB Group involved with Subprime mess?
  2. Will it be able to continue giving such juicy dividends?

Question 2. is well connected to question 1. If LYG managed to stay out of the mess, its earning will continue to be good and we’ll get the dividends we want.

I couldn’t find anything on the Internet linking LYG to subprime mess except this article that I don’t dislike: it say that LYG was buying subprimes at discount price in August after the mess came out. This suggest me that Lloyds did not have the problem and wanted to take advantage of other banks problems. I may be proven wrong, but I’ll consider LYG a serious option for December’s stock buy.

Comments»

1. W. Kononoff - February 13, 2008

When does lloyds bank pay its dividend, yearly or quarterly?

2. deminvest - February 13, 2008

Once a year in the summer. Those are the dates for 2007:
Dividend Declaration Date:

Dividend Record Date: Aug-10-2007
Dividend Pay Date: Oct-15-2007
Dividend Rate: $ 2.78
Here is my source:
http://www.dividendinvestor.com/term/dividendlyg-dividendlloydstsbgroupplc.php

3. Daveyg - June 7, 2008

It pays an interim dividend too.

4. British Bank ADRs !!! | ADRUniverse.com - June 15, 2008

[…] Some articles discussing the above mentioned stocks are: https://deminvest.wordpress.com/2007/11/20/lloyds-tsb-group-lyg-high-diviedend-bank-stock-yields-7/ […]

5. Zimbabwe - July 8, 2008

This is a great investment. I bought some at $25.50 at the end of June. It’s now down to $23.00 and I wish I had money to invest. I would snap up as much of it as I could.

One of two non-govt backed AAA rated banks in the world (Wells Fargo is the other).

Very conservatively run.

They paid their dividends when everyone told them to reduce their dividends. They take their shareholders seriously.

And now, after the credit crunch has crushed tons of other banks, Lloyds has increased their dividends and has such a strong balance sheet, not only did they not have to raise capital like most other banks, they are out looking for acquisitions.

This is a home run. I wish I had money laying around to pile into this company.

6. British Bank ADRs !!! | ADRUniverse.com - August 10, 2008

[…] Next Dividend : Dividend of $1.95 with an Ex-Div. Date of March 5th. Some articles discussing the above mentioned stocks are: https://deminvest.wordpress.com/2007/11/20/lloyds-tsb-group-lyg-high-diviedend-bank-stock-yields-7/ […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: