LLoyds Banking group- Dividend?Looking at Lloyds even at these prices as a good dividend stock. something to potentially have instead on a low yield BTL.
Lloyds have a net asset value of 52p per share, so current trading conditions mean its cheaper rn to buy compared to 5 years prior to virus.
imo with everyone taking out loans they need to repay for businesses, mortgages with the booming property market they have a nice set up and future ahead.
2019/20 was 3.26p per total share. so with a buy of a share around 50p with that same dividend you'd be around 6.5% yield. obviously the dividend will not be as good now but you can easily see capital appreciation from share value even at these prices. Next key resistance being around 50p then a lot of upside from there.
thoughts?