- Lloyds Banking Group said it would move to paying quarterly dividends - from half-yearly currently - from the first quarter of 2020.

The company said the new approach would provide a more regular flow of dividend income to its around 2.4m shareholders, whilst accelerating the receipt of payments.

The new approach will see the company adopt three equal interim ordinary dividend payments for the first three quarters of the year, followed by, subject to performance, a larger final dividend for the fourth quarter.

The first three quarterly payments, payable in June, September and December would be 20% of the previous year's total ordinary dividend per share, while the fourth quarter payment, payable in May, would be announced with the full-year results.

At 8:53am:

[LON:LLOY] Lloyds Banking Group PLC ORD share price was -0.02p at 60.96p

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