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Lloyds Chairman: Hopes To Start Paying Dividends In 2012

LONDON -(Dow Jones)- Lloyds Banking Group PLC (LYG) hopes to start paying dividends as soon as a European Union ban on the payments is lifted in 2012, Chairman Win Bischoff said Thursday. He told Dow Jones Newswires the bank will look to make the payments as soon as it can. The EU called a halt to any dividends for two years as a condition of approving Lloyds' GBP17 billion government bail-out. Bischoff's comments were made after shareholders earlier Thursday approved a GBP22.5 billion recapitalization that will allow the bank to avoid taking further state support. Company Web site: http://www.lloydsbankinggroup.com --By Patricia Kowsmann, Dow Jones Newswires. Tel +44(0)207-842-9295, patricia.kowsmann@dowjones.com

Share News for Lloyds (LLOY)
DateTimeHeadline
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26/03/201417:58:08EUROPE MARKETS: Europe Stocks Higher As ECB Stokes Stimulus Hopes
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26/03/201417:37:35European Stocks Extend Rally -- Update
26/03/201411:17:29UK Government Sells Part of Stake in Lloyds
26/03/201408:51:25UK Government Sells 7.8% of Lloyds at 75.5p/Share; Stake Now...
25/03/201418:40:04UK Financial Investments to Sell 7.5% of Lloyds Banking
25/03/201418:19:13UK Financial Investments to Sell 7.5% of Lloyds Banking Group...
25/03/201417:47:31UK Financial Investments to Sell 7.5% of Lloyds Banking Group
24/03/201419:36:22LONDON MARKETS: London Stocks Fall After Mixed Global PMI Data
24/03/201419:35:45EUROPE MARKETS: Europe Stocks Sag After Downbeat Chinese, German...
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