How many Lloyds shares would I need to target £1,250 annual passive income?
Image supply: Getty Images In 2025, Lloyds Banking Group (LSE:LLOY) raised the annual dividend paid on its shares by an enormous 15.2%. This inflation-busting hike was doable due to a 6.9% year-on-year improve in income and a 11.1% rise in earnings per share (EPS). But how many of the financial institution’s shares would be wanted…