6. Lloyds Banking Group ( LYG) is a U.K.-based financial services company operating in the retail, wholesale, international banking and insurance segments. In the first quarter of 2011, pre-tax profit stood at $463 million compared to $1800 million in the first quarter of 2010. Lower profitability is reflective of a balance sheet reduction that includes losses on sales of non-core treasury assets of $694 million and lower net interest margin (NIM). Net interest margin was 2.07% compared to 2.08% a year earlier, driven by higher costs related to increase in wholesale funding. Impairment charge was $4251 million, $315 million higher than in the year-ago period, impacted by higher declines in Ireland's commercial real estate prices. The cost-to-income ratio was 52.9% compared to 45.8% in the first quarter of 2010 owing to losses on disposal of non-core treasury assets. At the end of March, Tier-1 ratio was 11.4% and capital ratio was 14.8%. On average, analysts expect the stock to gain 45% over the next one year.
The ex-dividend date for Telecom Corporation of New Zealand (NYSE:NZT) is tomorrow, March 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $10.19 as of 9:30 a.m., the dividend yield is 6.6%.
The ex-dividend date for Telecom Corporation of New Zealand (NYSE:NZT) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $11.58 as of 9:30 a.m., the dividend yield is 5.1%.