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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Legal & General Group Plc | LGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.30 | -0.54% | 239.30 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 240.50 | 234.70 | 241.80 | 239.30 | 240.60 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 12/03/2025 | Final | GBP | 0.1536 | 24/04/2025 | 25/04/2025 | 05/06/2025 |
| 06/03/2024 | Interim | GBP | 0.06 | 22/08/2024 | 23/08/2024 | 27/09/2024 |
| 06/03/2024 | Final | GBP | 0.1463 | 25/04/2024 | 26/04/2024 | 06/06/2024 |
| 08/03/2023 | Interim | GBP | 0.0571 | 24/08/2023 | 25/08/2023 | 26/09/2023 |
| 08/03/2023 | Final | GBP | 0.1393 | 27/04/2023 | 28/04/2023 | 05/06/2023 |
| 09/03/2022 | Interim | GBP | 0.0544 | 18/08/2022 | 19/08/2022 | 26/09/2022 |
| 09/03/2022 | Final | GBP | 0.1327 | 21/04/2022 | 22/04/2022 | 01/06/2022 |
| 10/03/2021 | Interim | GBP | 0.0518 | 12/08/2021 | 13/08/2021 | 20/09/2021 |
| 10/03/2021 | Final | GBP | 0.1264 | 15/04/2021 | 16/04/2021 | 27/05/2021 |
| 18/12/2019 | Interim | GBP | 0.0493 | 13/08/2020 | 14/08/2020 | 24/09/2020 |
| Top Posts |
|---|
Posted at 15/5/2025 12:24 by cyberian JJ...best wishes for your more deserving candidates, but with LGEN building on recently positive news, a healthy dividend yield, and the very positive 1Q results from Aviva I believe LGEN has considerable growth potential, and cannot see any reason why LGEN should not match or even exceed the trading benefits indicated by AVIVA today.. |
Posted at 14/5/2025 18:20 by netcurtains jj: Buybacks are not there for your benefit. They are there for future generations of pensioners to allow their LGEN dividend to be more sustainable into the future |
Posted at 10/5/2025 14:46 by netcurtains As the BoE base rate (4.5%) is roughly HALF the dividend yield of LGEN, ABDN, MNG, or PNHX You could argue that for every 1/2% decline in BoE rate should equate to share price rises that reduces the yield by DOUBLE (eg 1%) the BoE fall each time.Since this 1/2% decline is ongoing perhaps that equates to multi-percent rises in the above four shares for the next 12 months (generally speaking). What percentage rise in the share price equates to a 1% fall in the yield? ChatGPT calculates this: A 14.29% increase in share price leads to a 1 percentage point fall in yield (from 8% to 7%). Is that true? It would take a 14.29% share price rise to make the yield of LGEN fall just 1%? |
Posted at 06/5/2025 13:08 by kirkie001 Well, to make it a little more directly relevant to LGEN.... I "voted" for the share price to be roughly flat: roughly 10p up on where it is just now. My reasons for picking this were as follows:- there is zero about LGEN's business model, or expected performance, or even transformative M&A out of left field, that would suggest a marked re-rating of the share to a much higher price; - interest rate drops should mean the dividend yield becomes increasingly more attractive as the base rate falls; - interest rates falling are generally negative to performance, capital generation and solvency for LGEN - and macro-wise, Trump (or any other world economic leaders) are not creating an environment to provide stability and stimulate growth. Ergo - roughly flat. I'll continue to collect my 9% dividends while I wait, thank you very much.... ;) |
Posted at 03/5/2025 11:12 by marktime1231 It makes good sense that LGEN will look increasingly attractive as the availability of safe alternatives diminishes with cuts to bank base rate. Yes the share price should rise in that scenario even as LGEN prospects remain steady, and the yield ought to get back to something historically normal.That observation is true of all solid high yielding and geared stocks - property and debt and infrastructure and ? - I would have thought. The accepted rationale that the UK is undervalued means we should at last see serious buyers. Some people saying that has already started. It is not positive UK economic outlook which is pushing the FTSE towards new highs, it is relative risk and reward. All the surplus cash which has been poured in to buybacks will begin to look like money well spent. If you are long term investors that is. However LGEN still has plenty of risk, with its strategy and execution, and the dividend growth outlook is now muted. LGEN is also characteristically sensitive to domestic and international macro wobbles. So do not expect linear share price performance. It will be fascinating to observe what becomes the new low and what becomes the prospective high for LGEN in the year ahead. The chance of another slump under 220p is reduced, and if it comes round again then pile in. It is rather premature to be talking about highs in the 300s though, and what does HL know (they were the ones promoting Woodford's disaster funds). But I suspect we will see something which tops the current analyst consensus, eg 270-280p+. |
Posted at 02/5/2025 17:28 by value hound A piece on LGEN from Hargreaves-L FWIW under "dividend stocks to consider" (article also covers NG. & PHP):--- Legal & General Income is a key part of the investment case, with L&G sporting an attractive forward dividend yield of 9.3%. The recent sale of its US protection business for £1.8bn means there’s also potential for more capital to be returned to investors through share buybacks. Business performance has largely been positive of late. Growth in its retail and institutional divisions helped to offset some slight weakness in asset management, keeping profits moving in the right direction. Pension risk transfers are key to operations. This is where L&G takes on responsibility for paying some or all of the pensions from a company’s final salary pension scheme (often called bulk annuities). In return, the group receives a lump sum of cash today, which it invests. The goal is to earn a higher return on investments than the future cost of pension payouts and any operating costs. L&G’s different operating divisions complement each other well, giving it a solid chance of winning new business, benefiting from scale, and ultimately meeting this goal. Tariffs have sent shockwaves through global markets. That’s likely to weigh on investment returns, so we could see some softness in the near term. Investors should take some comfort in the fact that L&G has a proven track record of managing market risks, although of course there are no guarantees. The balance sheet is also in great shape, which means there’s some cushion if things get worse. With the mature UK market being its biggest region, L&G is setting its sights on growth further afield. The new partnership in the US could unlock major value down the line, but there's a lot of work to be done before we really start to see those benefits. The valuation is in line with peers, which looks attractive to us given the number of strings to L&G’s bow, and shareholder return plans. Increasing overseas exposure looks like the obvious route to growth, but it brings execution risks along with it. |
Posted at 01/5/2025 07:14 by 1robbob The current yield of LGEN of 9.11% is 2.6x the average of 3.54% of the FTSE100. This clearly indicates that The Market considers the earnings growth of LGEN will be substantially lower than that of the market and ergo so will be the share price growth.What is concerning is that the yield premium has continued to expand since the appointment of the new CEO and the announcement of his Strategic Review. This suggests that The Market is unconvinced that his strategy will improve the growth prospects of LGEN. The sheer high level of the Dividend Yield, the 2nd highest in the FTSE100, also suggests an element of concern as to the sustainability of the current Dividend payment. Indeed this is exacerbated by the Company’s current policy of using Share Buybacks to hold (not grow) the total dividend cost, suggesting that the current distribution level is too high a % of earnings. The historic performance of the shares does not give any comfort: 1 Year: -0.64% vs FTSE100: +4.3% 5 Years: +14.61 vs FTSE100: +43.95% Personaly, I am convinced that this corporate malaise will not continue. A root and branch change in the Corporate Strategy will happen, one way or another, and will lead to enhanced share price dynamics If nothing changes it is not 'ridiculous' to suggest that a near 10% yield will persist...unless it's cut! |
Posted at 30/4/2025 09:59 by pierre oreilly Net, I'm not sure at all that common sense says price graphs have some meaning (as regards future prices). What common sense says afaiac is the gov's assertions that passed performance is no indication of future performance (otherwise we'd all be billionaires).Also, someone said the best way to deal with lgen is to sit back and reinvest the divis. While I agree 99% with that (and that is how to get rich) there comes a time when you reach the maximum exposure you want in any one share (where I am now with this and a couple of others). Nice problem to have, but I have to find others to invest lgen divis in. I'm now looking at gilts again - perfectly safe 4.5% there for many years and tax free in isa. Not the highest income by far, but with Trump around, the attraction is great for me. |
Posted at 24/4/2025 07:48 by netcurtains HFK, as you pointed out in (in MNG) as we approach dividend PAYMENTDAY, a significant percentage of that HUGE DIVIDEND YIELD will probably get ploughed back into LGEN. That means (potentially) we could see rises in the weeks before payment date. |
Posted at 07/4/2025 16:56 by dougmachin Hello, looking to buy some discounted great dividend stocks.This looks like it could be one. Great dividend history: I LIKE THIS: Dividend policy We announced new dividend guidance in June 2024 at our Capital Markets Event. The Board intends to grow the dividend per share by 5% for full year 2024, and by 2% thereafter. In addition, the Board announced a £200m buyback in 2024, with the intention of undertaking further similar buybacks in subsequent years, in order to return more capital to shareholders over 2024 to 2027 instead of the equivalent of maintaining the 5% per annum growth in dividends per share. AND I LIKE THIS: Enhanced Returns Dividend per Share of 21.36p up 5% and £500m buyback announced for 2025 Intention to return more than £5bn (or c. 40% market cap6) within three years Aside from any potential fallout from the Trump-chaos, any reason why that divi profile shouldn't continue? Looks like it could just get a lot better too...? Thank you |
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