Lloyds Banking Group Interim 2015 Dividend

Today, Fri 31st July, Lloyds Banking Group [http://www.lloydsbankinggroup.com/] is going to pay a dividend of £0.0075.
Yes, 0.75p per share.

[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10056&action=]

A dividend yield of 0.9%.

How much cash will this dividend cost Lloyds Banking Group ?

[http://www.lloydsbankinggroup.com/investors/share-price-info/detailed-share-price/]

71454.656 million shares in circulation.

Thus: 71454.656 x 1,000,000 x £0.0075 = £535,909,920

Yes, £535 million is the cash payment that Lloyds will make to the shareholders.

Just to remind us, HM government owns 14.98% of the Bank:

[http://hsprod.investis.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=2133305960955904&ir_client_id=1503]

So HM Government will get £80.2 million from the dividend.

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