SmarterDividends
LYG

Lloyds Banking Group (LYG) Dividend

Lloyds Banking Group plc · Financial Services · Banks - Regional · quarterly payer

$5.19

Undervalued · +75% Add to Portfolio

As of Nov 5, 2026, Lloyds Banking Group (LYG) pays a quarterly dividend, or $0.22 a year, a 4.14% yield at its $5.19 share price. It pays every quarter, usually in May and September. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

4.14%

Annual Dividend

$0.22

Payout Ratio

42%

5-Yr Growth

—

Ex-Date

Aug 10, 2026

Frequency

Quarterly

Key facts about LYG's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Lloyds Banking Group plc (LYG) has a forward dividend yield of 4.14%, based on an annual dividend of $0.22 per share and a share price of $5.19.
  • As of Nov 5, 2026, LYG's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Lloyds Banking Group plc (LYG) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • LYG last cut its regular dividend in 2021.
  • LYG's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.0840 per share.
  • As of Nov 5, 2026, LYG pays out 42% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for LYG is $9.07 per share, 75% above the $5.19 share price, so LYG screens as undervalued.
  • Lloyds Banking Group plc (LYG) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "LYG Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/LYG

Is LYG a good dividend stock?

Yes, with caveats

Lloyds Banking Group plc (LYG) pays a quarterly dividend yielding 4.14% ($0.22/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (42%)
  • 106% total price return over 5 years

Risks

  • Cut its dividend in 2021

Key Data

Dividend Yield
4.14%
Payout Ratio
42%
Annual Dividend
$0.22
5-Yr Avg Growth
—
Ex-Dividend Date
Aug 10, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.92
Market Cap
$74.1B
P/E Ratio
10.0
5-Yr Total Return
106%
52-Week Range
$4.51 – $6.34
Dividend Safety
C · 60/100
Ever Cut?
Yes (2021)

LYG dividend changes

Lloyds Banking Group plc (LYG) pays a variable dividend: across the 37 payments on record since 2002, 16 were higher than the one before and 5 lower. The latest change was up 27.3% to $0.0840 per share, going ex-dividend on Aug 10, 2026.

Ex-dateChangeOld → newMove
Aug 10, 2026Higher$0.0660 → $0.0840+27.3%
Aug 4, 2025Higher$0.0550 → $0.0660+20.0%
Aug 5, 2024Higher$0.0480 → $0.0550+14.6%
Aug 4, 2023Higher$0.0390 → $0.0480+23.1%
Aug 5, 2022Higher$0.0370 → $0.0390+5.4%
Aug 6, 2021Higher$0.0320 → $0.0370+15.6%
Apr 15, 2021Lower$0.0550 → $0.0320−41.8%
Aug 9, 2019Lower$0.112 → $0.0550−50.9%
Apr 4, 2019Higher$0.0560 → $0.112+100.0%
Aug 16, 2018Higher$0.0530 → $0.0560+5.7%
Aug 9, 2017Higher$0.0450 → $0.0530+17.8%
Aug 10, 2016Lower$0.0470 → $0.0450−4.3%
Every LYG payment →Download every raise and cut (CSV)
LYG ex-dividend date & scheduleNext ex-date Aug 10, 2026 · full ex-dividend historyView →LYG dividend historyEvery payment, totals by year, raises and cutsView →LYG dividend calculator100 shares pay $22.00 a year, $5.50 each quarterCalculate →LYG total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is LYG a good dividend stock?

Yes, with caveats. Lloyds Banking Group plc (LYG) pays a quarterly dividend yielding 4.14% ($0.22/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is LYG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LYG's fair value is about $9.07 versus a $5.19 share price — so it looks undervalued (+75% vs. fair value).

Is LYG's dividend safe?

LYG has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is LYG's fair value?

Our blended fair-value estimate for LYG is about $9.07 per share, roughly 75% above the current $5.19 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is LYG a buy, hold, or sell?

We don't issue formal ratings, but on the data LYG screens as "yes, with caveats" and undervalued. Lloyds Banking Group plc (LYG) pays a quarterly dividend yielding 4.14% ($0.22/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will LYG cut its dividend?

LYG earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does LYG pay a dividend?

Yes. Lloyds Banking Group plc pays a quarterly dividend of about $0.22 per share annually, a forward yield of roughly 4.14%.

How much dividend does 100 shares of LYG pay?

At $0.22 per share a year, 100 shares of LYG pay $22.00 a year in dividends before tax, about $5.50 each quarter. Buying them costs about $519 at the Nov 5, 2026 price.

What is LYG's dividend yield?

As of Nov 5, 2026, LYG's forward dividend yield is 4.14%, based on a $0.22 annual dividend and a $5.19 share price.

What is LYG's dividend per share?

As of Nov 5, 2026, LYG pays $0.22 per share per year, distributed on a quarterly basis.

What is LYG's dividend payout ratio?

As of Nov 5, 2026, LYG's payout ratio is 42% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has LYG grown its dividend?

As of Nov 5, 2026, LYG has increased its dividend for 4 consecutive years.

When is the next LYG ex-dividend date?

As of Nov 5, 2026, LYG's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.0840 per share.

Income Calculator

At $0.22 / yr per share

Per payment (quarterly)$5.50
Annual$22.00
Monthly avg$1.83
Full LYG dividend calculator →

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