Update: Can Lloyds become an 'income stalwart' as it resumes dividends?

Lloyds Banking Group is finally beginning to look attractive again for income managers as it restarts dividend payments for the first time since the crisis.

Equity income managers with holdings in Lloyds have been disappointed by the stock, following a prolonged delay in the bank restarting its dividend. Yet it continues to be held by one in five income managers, according to Hargreaves Lansdown, making it a more widely held banking stock that Standard Chartered, despit the latter paying a 6% dividend. Today's announcement that Lloyds will pay a dividend of 0.75p per share in 2014 has finally taken some pressure off income investors, who have been backing the stock in anticipation of a dividend hike. The initial dividend may be low, bu...