Lloyds braced for 1p dividend

Kasmira Jefford
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LLOYDS is poised to pay its first dividend this week for the first time since the financial crisis in a move that could make it easier for the government to sell its remaining 25 per cent shareholding in the bank.

The bank is expected to confirm it has been cleared by Britain’s financial regulator to pay a modest dividend for the 2014 financial year when it reports full-year results on Friday. Analysts expect a one pence per share payout.

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