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Since 2009, L&G has increased the dividend by 25% per annum.
Over the course of 2003, they did a share repurchase, announced plans to split the stock and have increased the dividend.
Explaining why the bank had abandoned a "progressive" dividend policy, Gulliver said: "People assumed it would mean we automatically increased the dividend irrespective of what was going in the world".
If the family wanted to take money out, we'd have just increased the dividend.
The stock yields 3.6%, and the company increased the dividend this year by 8.5%.
XOM has been paying a dividend since 1882 and has increased the dividend annually for the last 26 years.
Similar(52)
These assets throw off additional income, increasing the dividend stream.
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.
He said the company intended to increase the dividend over time, with reference to cash flow and earnings.
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