Lloyds eyes 70 dividend payout goal – reports

Lloyds Banking Group has told potential investors it expects to pay out up to 70% of its earnings in dividends by 2015, the Financial Times reported. Britain owns 39% of Lloyds and is gearing up to start selling shares in the bank after they surged well above its breakeven price of 61 pence. Lloyds chief executive Antonio Horta-Osorio said at half-year results last week that he expects the bank …

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