As communicated to shareholders in the 2019 results shareholder letter, we are trialling the offer of a contribution towards the commission paid by shareholders who participate in the Dividend Reinvestment Plan (DRIP). For more information please click on the DRIP tab to the right of this page.
When do you pay dividends?
Please check the Financial Calendar section of the website for all dates relating to dividend payments.
Can I have my dividends paid directly into my bank or building society account?
Yes, if you would like to receive your dividends directly into your UK bank or building society account, you can do so by:
If you have a non-UK bank account, please contact Equiniti by telephone on +44 121 415 7066. Alternatively, please visit www.shareview.co.uk/info/ops for further details.
The above steps should also be followed if you wish to change the bank or building society account details that you wish your dividends to be paid into.
What are the benefits of having my dividends paid directly to my bank or building society account?
The majority of Lloyds Banking Group plc shareholders have their dividends paid into their bank or building society account because:
- It's safer - it removes the risk of cheque fraud or cheques being lost in the mail;
- It’s quicker - payments are credited to your account on the payment date. There is no waiting for cheques to arrive or cheques to clear;
- It’s easier - there is no need to have to arrange to pay your cheque into your bank / building society; and
- It reduces environmental impact - less paper usage and associated distribution lowers our impact on the environment.
If you lose your cheque, there may be an administration fee to pay when the dividend payment(s) are reissued to you. Please visit www.shareview.co.uk for more information.
Can I receive shares instead of a cash dividend?
Yes, in conjunction with our registrar, Equiniti Limited, we offer a Dividend Reinvestment Plan (DRIP).
If you would like to find out more information about the DRIP, please visit our Dividends page and then click on the DRIP tab.
Alternatively, you can call our shareholder helpline on 0371 384 2990 and they will mail the information to you.
Why are you changing how often you pay dividends?
Lloyds Banking Group has announced that it will move to the payment of quarterly dividends in 2020, with the first quarterly dividend in respect of Q1 2020 payable in June 2020.
The Group has c.2.4million shareholders, the vast majority of whom are retail investors, and this approach will provide a more regular flow of dividend income to all shareholders whilst accelerating the receipt of payments.
In what months will you pay quarterly dividends?
The new approach will be to adopt three equal interim ordinary dividend payments for the first three quarters of the year followed by, subject to performance, a larger final dividend for the fourth quarter of the year. The first three quarterly payments, payable in June, September and December will be 20 per cent of the previous year’s total ordinary dividend per share. The fourth quarter payment will be announced with the full year results, with the amount continuing to deliver a full year dividend payment that reflects the Group’s financial performance and our objective of a progressive and sustainable ordinary dividend. The final dividend will continue to be paid in May, following approval at the AGM.
Will I receive a tax voucher when a dividend is paid?
A Dividend Confirmation is issued to shareholders showing relevant information. This will be sent with each payment for those shareholders receiving payment by cheque, and will be sent annually, usually with the AGM mailing, to those shareholders who have elected to have dividend payments made direct to their bank or building society account.
How are dividends taxed?
- Shareholders should be aware that it is their responsibility to understand any tax implications of receiving dividends, including any obligations to notify HMRC of the amount of dividends received, the availability of any allowances and how and when to pay any tax that is due.
- To understand how dividends are taxed, and for further information and contact details, please visit the HM Revenue & Customs website.
How do I request a replacement dividend payment cheque?
Please contact our registrar, Equiniti Limited.
Where can I find information on historic dividend payments?
You can find this information on our Dividends section of the website.