Lloyds Banking Group PLC ADR Dividends
The next dividend date for Lloyds Banking Group PLC ADR has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Lloyds Banking Group PLC ADR (LYG)
More About Lloyds Banking Group PLC ADR
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services in the United Kingdom and internationally. The company operates through three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, and leasing solutions, as well as credit cards to personal customers. The Commercial Banking segment provides lending, transactional banking, working capital management, risk management, and debt financing services to small and medium businesses, corporates, and institutions. The Insurance, Pensions and Investments segment offers insurance, investment, and pension management products and services. It also provides digital banking services. The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows, MBNA, Schroders Personal Wealth, Black Horse, Lex Autolease, Birmingham Midshires, LDC, AMC, Embark Group, Lloyds Living, IWeb, Cavendish Online, HGP, and Tusker brand names. Lloyds Banking Group plc was founded in 1695 and is based in London, the United Kingdom.
Owning Lloyds Banking Group PLC ADR Stock on the Dividend Date
If you own Lloyds Banking Group PLC ADR stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Lloyds Banking Group PLC ADR stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Lloyds Banking Group PLC ADR stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Lloyds Banking Group PLC ADR stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Lloyds Banking Group PLC ADR dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Lloyds Banking Group PLC ADR Dividends
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