Lloyds Bank: Some good news!

Yesterday, it was announced by Lloyds Bank that it would be paying it’s dividends quarterly commencing fiscal year 2020-2021.
Taken together with the share buy back programme, this is excellent news!
Senhor António Mota de Sousa Horta-Osório, Lloyds CEO is unlike Madame Mayhem UK CEO, is following a sensible strategy with regards to Lloyds long term best interests. British banks have traditionally been regarded as “dividend stocks”. Such companies rely on their share price – and therefore their ultimate balance sheet strength – by there being a healthy demand for their shares.
Notable companies include Royal Dutch Shell.
One of the factors that appeals to shareholders is for a company to pay it’s dividends quarterly and not twice yearly as is the norm. Whilst this imposes a strain of the companies cash flow, it is seen to be beneficial as it attracts and encourages investors to buy the company’s shares as they are seeking to provide for themselves a regular income.
Herewith a source: https://londonlovesbusiness.com/lloyds-banking-group-to-pay-quarterly-dividends/
NB: The Editor hold shares in the Lloyds Bank Group.