Lloyds Bank announced dividend payback and share repurchase

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Following the results of 2018, the largest British mortgage bank, Lloyds Banking Group, realized a net profit of 4,400,000 pounds sterling. Over the year, the figure increased by 24%, but turned out to be lower than the forecast of 4,600,000 pounds. Despite the fact that the profit did not reach the forecast of experts, the bank announced that it would pay dividends for the last year in the amount of approximately 4 billion pounds, or 3.21 pence per share. The bank also announced the start of a share buy-back program in the amount of 1, 750 billion pounds. According to finversia.ru, the management of the bank is optimistic about the prospects for the British economy, despite the upcoming Brexit.

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