Notes to the consolidated financial statements
- « 44 Retained profits
- 45 Ordinary dividends
- 46 Share based payments »
45 Ordinary dividends
|
2008 |
2007 |
2008 |
2007 |
|
|---|---|---|---|---|
|
Final dividend for previous year paid during the current year |
24.7 |
23.5 |
1,394 |
1,325 |
|
Interim dividend |
11.4 |
11.2 |
648 |
632 |
|
36.1 |
34.7 |
2,042 |
1,957 |
The directors do not propose to pay a final dividend (2007: 24.7 pence per share, which represented a total cost of £1,394 million).
Bank of New York Nominees Limited have waived the right to all dividends on Lloyds Banking Group plc shares that they hold (holding at 31 December 2008 and at 31 December 2007: 10 shares).
In addition, the trustees of the following holdings of Lloyds Banking Group plc shares in relation to employee share schemes retain the right to receive dividends but chose to waive their entitlement to the dividends on those shares as indicated: the Lloyds TSB Group Shareplan (holding at 31 December 2008: 972,151 shares, at 31 December 2007: 931,478 shares, waived right to all dividends), the Lloyds TSB Group Employee Share Ownership Trust (holding at 31 December 2008: 1,442,116 shares, at 31 December 2007: 1,935,141 shares, waived right to all dividends), Lloyds TSB Group Holdings (Jersey) Limited (holding at 31 December 2008 and 31 December 2007: 41,801 shares, waived right to all but a nominal amount of 1 penny in total) and the Lloyds TSB Qualifying Employee Share Ownership Trust (holding at 31 December 2008 and 31 December 2007: 1,364 shares, waived right to all but a nominal amount of 1 penny in total).