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Lloyds Banking Group share dividend


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Can anyone let me know why I have received a share dividend this morning of £2.60. I hold 346 shares which i understand yield £0.75 per share. By my reckoning that amounts to £259.50.

I have phoned the helpline but it is very busy.

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The dividend announced by Lloyds in its recent results announcement was 0.75p per share.

 

Hope you've not planned to spend it.

 

---------- Post added 19-05-2015 at 12:34 ----------

 

Prediction here that it will hit the giddy heights of 6p a share in the future, netting you;

£20.76

 

It would be pretty crazy to expect a £259.50 annual return on shares worth £300...

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HI at £0.75 per share x 346 shares should this be £ 259.50 not the £2.60 they have sent me.

 

A quick google states the dividend is 0.75p and not 0.75£. Basically 3/4 of 1p per share and not the 75p per share you think it is.

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Hope you've not planned to spend it.

 

---------- Post added 19-05-2015 at 12:34 ----------

 

Prediction here that it will hit the giddy heights of 6p a share in the future, netting you;

£20.76

 

It would be pretty crazy to expect a £259.50 annual return on shares worth £300...

 

Thanks Cyclone for clearing this up. It was my wife enquiring [women] :loopy:

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