Lloyds yields further dividend to government

18 May 16

The government has received a further £130m dividend payment from Lloyds, taking total dividends received to £318m.

Treasury economic secretary Harriett Baldwin said the latest payment took the total recovered by the government from the bank to more than £16.8bn.

Baldwin said the government had recovered over 80% of its original investment in Lloyds and she was “determined to build on this success by making Lloyds shares available to the public this year”.

The government’s stake in Lloyds is around 9.2%, having stood at some 40% when it first intervened with a £20.5bn bailout for the stricken bank in 2008 financial crash.

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