Lloyds (LON: LLOY) is a banking giant and the UK’s largest mortgage lender, making its share price performance heavily tied to the housing market and interest rates. Lloyds Banking Group contains 16 huge financial brands under its umbrella, with the likes of Halifax, Bank of Scotland, Scottish Widows, MBNA, IWeb and plenty more.
With a strong history of dividends and a high yield, buying Lloyds shares remains a favourite for income investors. However, economic downturns and regulatory pressures pose risks, potentially slowing down this banking behemoth. Find out how to buy shares in Lloyds and where you can scoop up this bank stock.
How to buy shares in Lloyds Bank
Open a brokerage account.Choose from our top broker picks or compare brokers in depth. Then, sign up on your chosen platform.
Fund your account.Add money to your account via bank transfer or debit card.
Search the platform by ticker symbol.LLOY in this case.
Choose an order type.Place a market order (or limit order, if you want to try to hold out for a specific price) with your preferred number of shares or investment amount.
Submit the order.And that's it. You're off and galloping!
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.
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The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Forward annual dividend yield: 3.46% of stock value
Dividend payout ratio: 54.32% of net profits
Lloyds Bank has recently paid out dividends equivalent to 3.43% of its share value annually.
Lloyds Bank has paid out, on average, around 54.32% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.46% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 3.46% return on their shares, in the form of dividend payments. In Lloyds Bank's case, that would currently equate to about 3.3 per share.
Lloyds Bank's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Lloyds Bank's dividend yield is perhaps best considered in relation to those of similar companies.
It's as easy to sell Lloyds Bank as it is to buy! Here's how to sell Lloyds Bank shares that you already own.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your Lloyds Bank shares. Your investment platform will let you know when your shares are sold
Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some Lloyds Bank shares is to sign up for a share trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Lloyds Bank shares.
George is a deputy editor at Finder. He has previously written for The Motley Fool UK, Nasdaq, Freetrade, Investing in the Web, MoneyMagpie, Online Mortgage Advisor, Wealth, and Compare Forex Brokers.
He's focused on making personal finance and investing engaging for everyone. To do this he draws from previous work and his Level 4 Diploma for Financial Advisers (DipFA), sharing what he’s learnt. When he’s not geeking out about money, you’ll find him playing sports and staying active.
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