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This has been held down by BREXIT limbo.

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Ripcord01   Sunday, 12/15/19 06:31:18 AM
Re: None
Post # of 367 
This has been held down by BREXIT limbo. Once the dust settles on BREXIT this will take off.

For us Americans there are 2 important things to know. The Dividend is paid based on the British Pound. So the exchange effects the dividend. Right now the Pound is doing well against the dollar. This is why the dividend yield is high. But the pound has been held down by BREXIT. With the odds of completing BREXIT all but assured the Pound will climb higher against the dollar. 15 percent or so is the best guess I can come up with based on the pound/dollar ratio prior to the BREXIT vote.

The second thing to know is that 1 share of LYG on US exchange is equivalent to 4 shares of LLOY.GB on London Stock exchange.

All this explains why the 2 shares appear to trade out of sync with each other.

This also means that as UK economy stabilizes after BREXIT Uncertainty is over it will be extremely good for the US traded shares.

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