Latest Lloyds dividend payment takes total recovered for taxpayers to over 拢16.8 billion
Latest payment takes total dividends received to 拢318 million.
The government will receive a dividend payment from Lloyds of 拢130 million today, taking total dividends received to 拢318 million.
The latest dividend payment takes the total the government has recovered from Lloyds for taxpayers to over 拢16.8 billion. Since the financial crisis the government has recovered over 拢75 billion of financial assets for the taxpayer.
Economic Secretary to the Treasury, Harriett Baldwin, said:
The 拢130 million we鈥檝e received today marks another milestone in government鈥檚 plan to recover the money taxpayers were forced to put into Lloyds during the financial crisis.
The government has already recovered over 80% of its original investment in Lloyds and today鈥檚 dividend payment takes the amount we鈥檝e recovered from the bank to over 拢16.8 billion.
I am determined to build on this success by making Lloyds shares available to the public this year, so that we can build a share-owning democracy and continue to reduce our national debt.
The government鈥檚 stake in Lloyds currently stands at around 9.2%. The government is committed to launching a retail sale of Lloyds Banking Group shares and to fully returning its stake to the private sector in 2016 to 17.