Here are the latest Lloyds share price and dividend forecasts
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The Lloyds Banking Group (LSE: LLOY) share price has finally gained a bit of ground in 2024, up 28% year-to-date.
Its super high forecast dividend yield has softened to 4.8% now. That could still mean a nice income if Lloyds can maintain it though.
The price-to-earnings (P/E) ratio still looks low too at 9.8, which is well below the FTSE 100 average. And forecasts for the next few years look strong.
Why so cheap?
First, I want to think about why Lloyds shares appear to be on such a low valuation.
I see one short-term reason. And that’s an 18% fall in earnings per share (EPS) on the cards for this year. At least, that’s what the forecasts say.
I think that’s probably…
