Lloyds Banking Group
Tier one capital ratio 12.8%
It seems like a long while ago, but there was a time when Lloyds Bank was one of the best payers of dividends in the FTSE 100. There is every chance it will get back to that happy state of affairs, but there are a few obstacles to negotiate beforehand.
The bank used to hand out half of all profits to investors. Some bullish numbers from analysts suggest that Lloyds’ huge cash generation and attractive tier one capital ratio, 12.8 per cent in 2014 and so well ahead of requirements, should drive some generous payments in future.
The shares, little changed at 78½p, are now above the 73.6p that the government paid in its rescue and should