Yesterday, (Tue 16th May), Lloyds Banking Group, paid out its dividend to shareholders.
2.2p was paid out.
What did this 2.2p dividend cost Lloyds Banking Group ?
The share capital of Lloyds Banking Group is made up of 71,459,965,313 ordinary shares
Thus:
71,459,965,313 x £0.022 = £1,572,119,236.89
That is £1.572 Billion of cash
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10056&action=
A yield of over 3%