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LGEN Legal & General Group Plc

225.40
2.20 (0.99%)
04 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Legal & General Group Plc LGEN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.20 0.99% 225.40 16:35:01
Open Price Low Price High Price Close Price Previous Close
223.30 222.90 226.30 225.40 223.20
more quote information »
Industry Sector
LIFE INSURANCE

Legal & General LGEN Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
06/03/2024InterimGBP0.0622/08/202423/08/202427/09/2024
06/03/2024FinalGBP0.146325/04/202426/04/202406/06/2024
08/03/2023InterimGBP0.057124/08/202325/08/202326/09/2023
08/03/2023FinalGBP0.139327/04/202328/04/202305/06/2023
09/03/2022InterimGBP0.054418/08/202219/08/202226/09/2022
09/03/2022FinalGBP0.132721/04/202222/04/202201/06/2022
10/03/2021InterimGBP0.051812/08/202113/08/202120/09/2021
10/03/2021FinalGBP0.126415/04/202116/04/202127/05/2021
18/12/2019InterimGBP0.049313/08/202014/08/202024/09/2020
18/12/2019FinalGBP0.126423/04/202024/04/202004/06/2020

Top Dividend Posts

Top Posts
Posted at 27/9/2024 10:20 by jubberjim
Further examination re dividends

Selling DLG or ABDN and buying LGEN also works but lGEN is truggling to break above 233 hence PHNX remains the favoured swap but the indices have to be right and is now not looking as good as first thing this morning.

Still awaiting my dividends
Posted at 27/9/2024 09:39 by jubberjim
I am increasingly tempted by Buying Phnx but instead of Using the Lgen dividend have been looking to sell something Abdn and Dlg the two obvious canditates but only
days left before mes Vanaces start so will leave hopeful buys and sells but the dividends will remain where they are
Wife needs the income to pay for her trips.

Good luck all
Posted at 23/9/2024 16:37 by netcurtains
PS - If you use II and look at LGEN share price between 4:30pm and 4:37pm I have noticed that LGEN profit column goes right up (and some other stocks)...

I think I have worked this out. In those FIVE OR SO MINUTES they add the dividend yield on so you get to see what your profit would be if that dividend yield was paid today...

Its nice to see.

Then by about 4:40pm it all goes.. Alas...
Posted at 23/9/2024 14:21 by 1robbob
drectly
The dividend policy that the BOD have announced is for a 2% increase in the Dividend per Share
So any reduction in the share capital resulting from buybacks, although it will reduce the total dividend cost, will not effect the dividend per share.
2% increase in the Dividend per Share for the ext 2 years. No more no less
Posted at 19/9/2024 14:42 by netcurtains
Does this EDF pay 11.7% dividend yield? And if so what is the catch?


Its OK - I've looked at average joe video. It says you lose 25% of your capital over 10 years with Superdividend ETF so you're better off with LGEN



(I'm surprised someone does not want this information spread around - how odd)
Posted at 12/8/2024 11:01 by netcurtains
Andy: I'm in profit in ABDN so the price today must be higher than it was about a week or so ago (I cant remember the exact day or time I bought it)....

Its Dividend yield is about the same as LGEN and PHNX so the market, if using dividend as a guide, roughly values it the same as LGEN and PHNX..... (dividend yield)
Posted at 08/8/2024 08:24 by cwa1
Legal & General Group (LGEN)

Key stats
Market capitalisation £12,986.26 million
Shares in issue 5,965.21 million
PE 29.77
Dividend yield 9.39%

More to come from 9.5%-yielding L&G

Half-year results from Legal & General (LGEN) showed signs of strong growth for an asset manager whose shares have been knocked in recent years, said Interactive Investor’s Richard Hunter.

While higher interest rates and inflation provided headwinds, the company’s retirement and retail arms performed well to offset weakness in its newly created and combined asset management business.

Post-tax profit of £223m marked a 41% decline from the previous year’s £377m, although core operating profit of £849m was marginally higher and above market expectations of £834m.

‘Even taking into account the new strategy, the shining light of the group is the virtuous circle created by its sprawling and largely interconnected businesses,’ said Hunter.

The generation of assets through its bulk annuity, or pension risk transfers (PRT) business, is managed by other parts of the group while the increasing popularity of alternative risk assets, such as commercial real estate, is captured within its capital business.

Hunter said that the targeted dividend increase of 5% this year and 2% between 2025 and 2027 gave a projected yield of 9.5% covered 1.9 times by earnings, alongside an ongoing £200m share buyback programme was ‘an exceptional example of attracting income investors while also paying shareholders to wait as the strategy unfolds’.

Shares in the Citywire Elite Companies A-rated firm inched up 0.1% to 217p on Wednesday, but have fallen almost 13% year to date.
Posted at 07/8/2024 07:53 by cwa1
Legal & General ups dividend despite flat first-half profits
Published: 07:38 07 Aug 2024 BST

Legal & General Group PLC logo
Legal & General Group PLC (LSE:LGEN) increased its interim dividend 5% as it generated flat profits in the first half.

Earlier this summer the life insurer’s new chief executive, António Simões, set out his strategy to target 5-9% core profit growth and cumulative growth of £5-6 billion of Solvency II capital by 2027.

For the first half of 2024, the FTSE 100 group made a core operating profit of £849 million, up 0.5% on a year ago, but safely ahead of the City analyst consensus forecast of £834 million.

Within the various group divisions, profits rose 6% at the Institutional Retirement bulk annuity arm and the Retail life insurance, workplace pensions and retirement income wing, but fell 14% in asset management, while debt costs and investment losses and expenses put almost a £200 million dent in profits.

Capital of £897 million was generated at a Solvency II coverage ratio of 223%, respectively above and in-line with analysts expectations.

A 6p dividend per share was declared, up 5% on a year ago, in line with the June strategy update’s promised for this year, though the dividend per share will only grow 2% per year out to 2027, enriched with more buybacks following the £200 million declared at the capital markets event.

Alongside the half-year numbers, Simões said he and the board continue to expect 2024 core operating profit to grow by mid-single digits year-on-year.

"We are making clear progress on delivering against our strategy," he said, highlighting the establishment of a single asset manager, "good momentum" in private markets and establishing an affordable housing fund.
Posted at 05/8/2024 18:16 by pvb
...I was referring to Gordon Browns tax raid on dividend relief in 1997 .

The system has changed since then - dividends are only taxed on receipt.

Since then the amount Pension funds invest in U.K. equities and dropped considerably. The U.K. has some of the highest dividend yields within the G7 , but this does not seem to be a catalyst to invest

Then I doubt it is related to dividend tax relief rules from 1997! Isn't is due to the changes in rules over pensions and the altered way they are now 'valued' and how risk is assessed? Fixed interest has become all the rage, in order to match 'future liabilities'.

I suspect that has much more to do with it than the taxation of dividends from decades ago.
Posted at 03/8/2024 07:15 by richie1218
"Dividend hero
I also believe Legal & General Group (LSE:LGEN) shares have been oversold of late. This follows its announcement in June that annual dividends will rise 2% from 2025 to 2027. This is down from increases of 5% more recently.

Dividends form a huge part of the firm’s investment case. The business has raised shareholder payouts almost every year since the 2008/2009 financial crisis. So it’s easy to see why investors might be spooked.

The thing is, I believe Legal & General is still an excellent pick for passive income. Its dividend yield now stands at an impressive 9.3%, one of the highest in the FTSE 100.

It’s tipped to meet its objective of raising dividends by City analysts for the next three years at least too. And so for 2026, the yield on Legal & General shares moves to a staggering 9.8%.

It’s also worth remembering that reducing dividend growth now could help the business raise shareholder payouts over the long term. Reallocating capital today to invest in its operations gives it a better chance to capitalise on its rapidly growing markets, and thus to remain one of the UK’s best-paying income shares.

Legal & General’s upcoming restructuring drive carries some execution risk. Yet I still expect it to be a standout dividend provider and for its share price to rebound"

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