RBS - Lloyds Banking Group: High-Dividend Yield Makes It Quite Attractive To Income Investors
Lloyds Banking Group (LYG) has delivered relatively weak results in 2019, but this is explained by one-off PPI charges that aren't expected to be an issue going forward. Its underlying performance remains strong and the dividend sustainability remains good, thus Lloyds' investment case mainly relates to its income appeal through dividends and share buybacks in the near future.
Company Description
Lloyds is the largest retail bank in the U.K., serving around 26 million individual and corporate customers. Its business activities include retail and commercial banking, general insurance and long-term savings, operating through a