UK banks have been rewarding shareholders with bumper dividend payments this earnings season. Lloyds [LLOY] was the latest to reward investors with a 1.2p interim dividend payment in its recent half-year results, up 5% from the 2018 interim payout.
The hike comes despite Lloyds share price dropping over 16% this year. Yet for some traders, a healthy dividend payout might go some way to forgiving a stock’s poor performance.
Source: CMC Markets