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LYG - Lloyds Banking Group: Buy The 5% Forward Dividend Yield
Lloyds Banking Group Plc American Depositary Shares
As the largest bank in the United Kingdom, Lloyds has an enviable core deposit franchise and is a fairly efficient operator too.
Various headwinds have buffeted its turnaround story over the past decade, most recently COVID, but the bank is now largely free of these.
Despite reasonable profitability, Lloyds trades at just 0.8x TBV, and a 5% forward dividend yield and the prospect of buyback-fueled growth looks attractive to income seekers.