Lloyds Banking Group Dividend May 2016

On Tue 17th May 2016, Lloyds Banking Group paid a dividend to shareholders. That was 1.5 pence.

Now the total numbers of shares in Lloyds Banking Group are:-

71,373,735,357

This the cash leaving the business to be paid to shareholders is:-

71,373,735,357 x £0.015 = £1,070,606,030

That is £1 Billion of cash.

An interesting fact that the UK Government, care of the UK tax payer owns 9.89% of Lloyds Banking Group.

That is 7,057,718,792 shares.

Thus 7,057,718,792 x £0.015 = £105,865,782

So on Tue 17th May 2016 the UK Government received £105 million as a dividend in its investment in Lloyds Banking Group.

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