Legal & General Dividends - LGEN

Legal & General Dividends - LGEN

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Legal & General Group Plc LGEN London Ordinary Share GB0005603997 ORD 2 1/2P
  Price Change Price Change % Stock Price Last Trade
-9.95 -5.09% 185.65 16:29:59
Close Price Low Price High Price Open Price Previous Close
185.65 185.45 195.15 195.15 195.60
more quote information »
Industry Sector

Legal & General LGEN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

spcecks: I own Aviva and Lgen....Aviva have been doing a bit better than Lgen at the moment but happy to hold both and accumulate at these prices.
bothdavis: 'Little or no dividend'!! Dividend yield on these is very healthy thank you very much over 9%!! Where else can you get a return like these. They will return to previous highs, once Brexit and COVID are laid to rest or just lightly bubbling!!
garycook: FAO eurofox.Legal & General (LSE: LGEN) had been doing reasonably well following the Brexit referendum shock of 2016. That vote knocked the whole financial industry for six. But the Legal & General share price was coming back. Until this year. Since the start of 2020, the shares are down 38%. That’s worse then sector rival Aviva and its 32% fall. And way worse than the overall FTSE 100, which is down 22%. Will L&G shareholders see anything to cheer any time soon? I think they will, and it could come quicker than people expect.The thing I like most about the Legal & General share price is that it represents a terrific long-term dividend investment that’s only got better. The annual payments have been progressive. And they’ve provided yields of around the 6% mark in recent years. Dividends in the financial sector have been tumbling in 2020, as companies seek to preserve capital. But LGEN is having none of that. In August, the company announced an interim dividend of 4.93p per share, “providing flexibility as the economic effect of Covid-19 becomes clearer.”Dividend commitment That’s despite a big fall in first-half profit, and for me it shows strong confidence in the firm’s future. The Legal & General share price initially responded positively to the news, but less so than I’d have hoped. And since a second wave of coronavirus infection has been raising its ugly head, the shares have slid downwards again. Maybe investors have less confidence in the insurer’s ability to maintain its dividends than the board does? At the interim stage, the firm’s liquidity looked very solid. The report described the balance sheet as robust, and L&G was able to boast a Solvency II coverage ratio of 173% — slightly better than 12 months previously. Total annuity assets were up, and assets under management were up too.Solid second-half outlook In its outlook statement, the company said “Despite Covid-19, 2020 is anticipated to be the second largest on record, with £20bn to £25bn of UK [pension risk transfer] expected to transact, demonstrating the resilience of this market.“ It added that its investment management arm “is well positioned to continue to drive net flows, and to deliver meaningful earnings growth.” And on that dividend, L&G said it “expects to maintain its progressive dividend policy reflecting the group’s expected underlying business growth, including net release from operations and operating earnings.”Legal & General share price recovery? Forecasts suggest only a modest shrinkage in EPS for the full year. That will leave enough to cover the forecast dividend almost 1.6 times. That’s not far below 2019 cover of a bit over 1.7 times, and it looks very reassuring to me in such a traumatic year. On today’s depressed share price, the dividend would yield 9.5%. And we’re looking at a P/E multiple of just 6.7. I’ve suggested that the Aviva share price could easily double in the next 12 to 24 months. I think the same is likely of the Legal & General share price too.
d94ccm: Hi all,Can someone with more knowledge than me please give me some idea how safe the LGEN dividend is? Cover when I checked was 1.8. At nearly 10% this looks like a great buying opportunity. I am typically a long term investor and am looking for the dividend as opposed to capital growth. Although somebody that is nice too. ?
nick rubens: Sceptical "Why is that of interest to you cuck?" As interesting as are any other peoples views. You changed your mind from last week, that's all. My only interest in LGEN is if I could get a short term trade out of it. Simply buying and holding for the next few years in expectation for an 'expected' extraordinary high dividend yield return would concern me as for the reason I've already expressed.
pierre oreilly: Nick eh? I said i'd never bought a 9% yielding stock. So no, lgen isn't my first. You have a funny view on divis. They are, in times like this, totally uncoupled from the price. i.e. bt lloy with a current zero divi are not priced at zero, exactly the same reasoning as why lgen's divi isn't out of kilter in these exceptional times. If profits stay up, lgen will pay the same or increased divi irrespective of the share price.
nick rubens: "Looks to be loads of disposals in what's a bad time to be dumping shares," They are not LGEN's assets, rather they are managed by LGEN for a fee on behalf of others (pension funds, individual investors, unit trusts etc). If the markets drift lower then the commissions will drop a little, but that's about it, unless they loose clients also. Would LGEN own any of these companies on behalf of LGEN shareholders? That would make them an investment trust, wouldn't it?
milliethedog: W104, yes, so long as the divi is maintained am sure, long term, Lgen is a good bet. But even then a c8% yield is not good for me if the share price cuts it's wrists....I don't want to sit on too much of a paper loss IF the US indices have a nose bleed these, & others, may very well test March/April low's. Hope not tho..... Speaking personally my 'watchlist' containes....Lgen, Av, RDSB, IMB, BT, Lloy, HSBC....mostly excellant divi stocks but beaten down just now For instance am waiting for RDSB @ 1,000 & IMB @ 1,200.... M
pinstickerdan: L&G is proving to be very robust, in the circumstances the company is performing very well. David Buik just commented that L&G is managing to maintain it's dividend against a background where FTSE100 has this year seen a 60% drop in dividends, and FTSE250 has seen an 80% drop in dividends. Dividends expected to drop 39% this year overall.
zac0_4: Neilb675. I don't hold them for their yield I hold them for total return. I simply sell about 6% at the end of every year as an annual dividend if you like. If you'd have put £10,000 into the L&G Global Health and Pharma fund 5 years ago and taken out 6% at the end of every year your capital today is worth £12,387 and you'd have paid yourself £3,457. A total return of £5,845 (58%). Alternatively a £10,000 investment into L&G shares over the same period would today be worth £7,686 and you'd have received dividend payments to the value of £2,786. A total return of £563 (5.6%). I fear some people (me included) can become far too focussed on dividend yield rather than total return. If you go to all the information regarding the funds can be found.
ADVFN Advertorial
Your Recent History
Legal & Ge..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201027 19:06:59