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He said the company would buy back shares and increase the dividend.
"Like you I am a Barclays shareholder," he said, pledging to increase the dividend "over time".
He said Ford probably will increase the dividend amount later in 2012.
This gives scope for CWC to not only cover but increase the dividend by 40% in both 2018 and 2019.
He said the company intended to increase the dividend over time, with reference to cash flow and earnings.
"As our business improves and our results improve, we'll continue to look to see if we can increase the dividend".
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With dividend-paying stocks, companies could raise prices and then increase the dividends to keep pace with inflation.
As part of the financial bailout in 2008, banks need federal approval before they could increase the dividends.
These assets throw off additional income, increasing the dividend stream.
Since 2009, L&G has increased the dividend by 25% per annum.
This year, after it buys some power plants and gas lines, it will consider increasing the dividend further, Stephen L. Baum, the chairman, said.
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