|Legal & General Group
||ORD 2 1/2P
||EPS - Basic
||Market Cap (m)
Legal & General Share Discussion Threads
Showing 10276 to 10300 of 10300 messages
|Shore Capital: income attraction at L&G - HTTP://citywire.co.uk/money/the-expert-view-legal-and-general-foxtons-and-aggreko/a999034?ref=citywire-money-picture-galleries-list#i=2
All routes are leading to cash generation and therefore dividends at Legal & General (LGEN), which remains an attractive income generator, says Shore Capital.
Analyst Eamonn Flanagan reiterated his ‘buy’ recommendation on the stock following its full-year 2016 results. The stock was down 1.7%, or 4.4p, at 255.7p on Wednesday.
He noted the group’s reiteration of its ‘progressive dividend policy’ and 7% increase declared in its results.
‘L&G’s distribution footprint in the UK remains impressive, while its presence in the bulk annuity market offers huge scope for cash generation for many years to come,’ he said.
‘Legal & General Investment Management continues to rumble with total funds under management of £894 billion, while management remains focused on delivering cash and dividends for shareholders. The income attractions for this stock remain considerable.’
He said its focus on ageing populations, globalisation of asset market, and bulk annuities would ‘support further growth in the cash generation from the group, and hence dividends’.|
|Mny tks n0rbie|
|27 Apr 2017 Ex-dividend date (Final dividend)
25 May 2017 Annual General Meeting
8 Jun 2017 Payment of final dividend for 2016 (to members registered on 28 April 2017)
9 Aug 2017 Half Year Results 2017
17 Aug 2017 Ex-dividend date (interim dividend)
21 Sep 2017 Payment of interim dividend for 2017 (to members registered on 18 August 2017)|
|After reading fxd's notes I took the hint and bt as soon as I cld as the share price went over the 250 barrier. Got in at a shade over 251. No improvement on that yet but I'm confident this was a solid buy which will rise from here.
In the meantime a very healthy final divi to come, increased by 7% to 10.35p.
However, I cannot find any qualification or payment dates. Anyone else spot them?
|Further to post #3724 above by cpap man, here is the link to Fingers xxd's latest LGEN chart analysis on his thread...
|Great place to park cash. If the price hits 265 by the end of year it will have shown a 10% return. Hard to beat safely.|
|L&G hikes divi after 'terrific performance'
08 March 2017 | 7:20 AM Back to articles
Legal & General Group reports a 'terrific financial performance in 2016' with pre-tax profits up 17% at £1.6 billion.
Net release from operations rose by 12% to £1.4 billion, earnings per share increased by 19% at 22.2p and the group saw a return on equity of nearly 20%.
Adjusted operating profit increased 11% to £1,628m (2015: £1,463m) and the group's Solvency II surplus increased by £0.4bn since the half year, from £5.3bn to £5.7bn at the year end.
Group chief executive Nigel Wilson said: "Our long term approach to strategy and investment coupled with outstanding execution has again delivered terrific financial performance in 2016.
"Profit before tax up 17% to £1.6 billion, net release from operations up 12% to £1.4 billion, EPS up 19% at 22.2p and a return on equity of nearly 20%.
"We believe the UK remains a great place for us to help fill the huge funding gaps and under-provision of key financial products.
"We are playing our part to regenerate the UK's cities, delivering economic growth and jobs, capitalise on its world-leading universities and improve commercialisation of its scientific discoveries.
"Additionally, we are accelerating the evolution of our US businesses.
"We look forward to the future with confidence as our core markets are growing, our market share is increasing, our balance sheet is strong and we have positive cash and earnings momentum.
"Through a combination of selective hiring and internal promotions we have significantly strengthened our management team and technology capability."
Chairman Sir John Kingman added: "Legal & General has a strong management team and formidable further potential.
"Against that backdrop, the Board has considered the best trajectory of dividend growth, taking into account sustainability across a wide range of economic scenarios and the Group's anticipated financial performance.
"Accordingly, the Board has recommended an increase in the full year 2016 dividend of 7%."
Story provided by StockMarketWire.com|
|Decent numbers, positive outlook, had a good run but should certainly go higher in time.|
its the oxman
|For a 'background' share, these have done very well for me.
I bought in 2011 and have since had 50% of my initial outlay back in dividends plus 150% growth.|
|For those interested in charts take a look at POST 8314 ref: LGEN on fingers xxd's excellent chart thread.|
|14.35p dividend @252 share price = 5.6ish%.|
|What is the current CIRCA yield please 113mike?|
|I'm in for the income mainly.. bought in soon after brexit ref at £2.08 ish so fortunately LGEN has done well for me.|
|Nice numbers, but the market reaction says that it was already in the price. Great yield and still a 'Buy' for income.|
|Looks ok on the surface I'll be interested to see what the brokers make of it.|
|Those are good results ✔|
|Results look well up to expectations. This should underpin the share price in the medium term although in the immediate future I am wondering if the recent strength in the run up to the announcement might hold it back.|
|Very solid performance. Good stuff.|
|Good results nice dividend increase as well.|
|They probably have buyers waiting for the right price or a short in place that they're trying to recover.|
|JPM have had an underweight rating since at least last July - in which time the share price has gone from 170 - 245p.|
|Completely out of line with earlier February targets:
6 Feb Barclays... 282.00 Overweight
2 Feb HSBC 275.00 Buy|
|Swines! JP Morgan Cazenove Underweight 245.55 197.00 197.00 Reiterates
I'm in these from 99p - so definitely no complaints here.|
|jfishy, I like to assume the reductions are Hedge Funds wanting cash on their books for year end :)
I'm also here for the Dividend, my average purchase price is just over 220p/share so no complaints.|