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LGEN Legal & General Group Plc

3.30 (1.47%)
29 Nov 2023 - 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
3.30 1.47% 228.50 16:35:17
Open Price Low Price High Price Close Price Previous Close
226.00 225.40 229.60 228.50 225.20
more quote information »
Industry Sector

Legal & General LGEN Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 26/11/2023 16:00 by mondex
Cardinal, If you are looking at income paying ETFs what about SDIP (GLOBAL X ETF ICAV SUPERDIVIDEND UCITS ETF USD (GBP) DIS).

Relatively new ETF linked to the Solactive Global SuperDividend® v2 Index.."The Index tracks the performance of 100 equally-weighted companies that rank among the highest dividend yielding equity securities in the world, including emerging market countries, as defined by Solactive AG, the provider of the Index "

Charges 0.45% & is currently paying 11.75%. Dividends are monthly. Capital appreciation is not so good, but it is less than 3 years old
Posted at 04/11/2023 13:29 by kipper999
Legal & General's shares slide but dividend yield remains attractive

Legal & General (LSE:LGEN) has experienced a significant decrease in its share price over the past two years, with an 8.9% drop in the past year and a total decline of 26% over the past two years. Despite this downturn, the company's dividend yield has risen to 8.8%, which is highly sought after by investors. This comes as the company maintains a robust dividend health, demonstrated by a consistent payment history and a strong dividend coverage ratio of 1.98 times in 2022.

In a challenging macroeconomic environment, Legal & General reported an H1 operating profit of £941m, slightly below the previous year but still in line with its five-year financial objectives. The company, which does not participate in buybacks, primarily rewards its shareholders with dividends.

The firm aims to generate between £8bn and £9bn in capital by 2024, with £5.9bn already secured. Legal & General's Solvency II coverage ratio, a key indicator of financial strength, increased year-on-year from 212% to 230%.

As a leader in the Bulk Purchase Annuities (BPA) market, Legal & General handled transactions worth £7.2bn in 2022. The BPA market has grown from £10bn in 2016 to over £50bn in 2022, and Legal & General was the top BPA provider in the UK for 2022.

Despite leadership changes following Sir Nigel Wilson's retirement and a lower share price than five years ago, Legal & General remains steadfast. The company generated a net surplus exceeding dividends by £600m and deferred new business profits worth another £600m.

Although investor views may differ on Legal & General's performance, The Motley Fool UK suggests that there's no catch to the high dividend yield. Furthermore, only 15% of the UK's defined benefit programs have been transferred to insurance providers like Legal & General, indicating potential growth for the company in the future.
InvestingPro Insights

InvestingPro data and tips offer valuable insights on Legal & General's performance and outlook. The company's market cap stands at a substantial 16308.05M USD. Its P/E ratio is at 6.53, indicating a relatively low valuation compared to earnings. The company's dividend yield is impressive at 8.82%, reflecting its commitment to rewarding shareholders despite the challenging market conditions.

Two InvestingPro Tips that stand out are that Legal & General has raised its dividend for 14 consecutive years and pays a significant dividend to shareholders. These tips align with the company's strategy of primarily rewarding its shareholders with dividends, as noted in the article.

InvestingPro provides a wealth of additional tips for Legal & General and other companies, providing valuable insights for investors. It's worth noting that despite some financial challenges, Legal & General has managed to maintain a robust dividend health, which is a key factor for dividend-focused investors.
Posted at 24/10/2023 02:36 by garycook
If I could buy just one FTSE 100 dividend share for life, I’d choose this
I’m free to buy as many dividend shares as I like, but what if I was only allowed to buy one? For the rest of my life. This is what I’d do. The FTSE 100 is packed full of dividend shares that I’d love to buy today. But what if there was a limit on such transactions? That would be a huge blow, because I love buying income stocks. My portfolio is full of them.

Let’s say it’s happened and we were rationed to just one. I thought this would be a difficult choice, but in fact it turned out to be pretty easy.

My number-one favourite dividend stock in the whole wide world is insurer and asset manager Legal & General Group (LSE: LGEN), which I hold and would really hate to sell. The obvious attraction is that it offers an ultra-high income, that only gets higher every time the FTSE 100 dips (which it’s doing quite a lot at the moment). My number one
The current yield is a thumping 9.3%, nicely covered twice by earnings. Better still, it looks set to be a rising income. The yield is forecast to hit 9.77% in 2023 and a whopping 10.3% in 2024.

Supersized dividend yields like this one can be vulnerable. I can’t rule out the possibility that profits or cash flows could falter and management will cut it to save cash. Yet I’m as confident as I can be that the L&G dividend will not only hold steady, but grow.

In its first-half results, published on 15 August, the board highlighted in bold an impressive “£947m capital generation with significant dividend headroom”. That’s fighting talk, if you ask me. Management put its money where its mouth is by hiking the interim dividend by 5% to 5.71p. It’s planning 5% increases to both the full-year 2023 and 2024 shareholder payouts.

L&G’s first-half operating profit fell slightly from £958m to £941m, as volatile stock markets took their toll. However, with a Solvency II coverage ratio (a measure of solvency) of 230%, and £9.2bn surplus, the board can afford to keep investors happy. Taking my time
I bought L&G’s shares on two occasions over the summer, because I thought they looked too cheap to ignore. For a while I was up but following recent stock market volatility, I’m now in the red. The stock is down 18.06% over six months and 9.44% over the year. I did say I was buying for dividends, didn’t I?

These short-term losses don’t worry me. Since I hope to hold the stock for years, if not decades, it has plenty of time to bounce back. In fact, it makes me want to buy more shares at today’s lower price. L&G is dirt-cheap, trading at just 5.43 times earnings. That’s a bargain price for a potential double-digit yield, if you ask me. I’m not expecting the L&G share price to recover at speed. Certainly not until we can be sure that interest rates have peaked. Investors are now getting generous yields from cash or bonds, without taking a punt on equities. The Israel-Hamas conflict is on everybody’s minds with no easy solution.

Yet when markets finally get their mojo back, L&G’s asset management business means it could recover at speed. In the meantime, I’ll keep reinvesting my dividends (while trying not to think about all the dividend shares I’m no longer allowed to buy).
Posted at 24/10/2023 00:14 by garycook
Smith 99, Retired in Asia. Much cheaper here than UK. Topped up yesterday at 206p. Now my 11,000 share holding in LGEN as a SIV of 116.70p, because of dividends reinvesting, and selling some LGEN at 282p ,So now giving me a 17.43%, locked in yield next year. Mr Smith being out of the market you will be losing out, especially when LGEN recovers.My advice to you would be buy half now, and buy the other half if the Market crashes next year. Not worried unless LGEN suspend the dividend, but unlikely ! Also worth buying atm dyor are AV, MNG, and PHNX ,which I topped up yesterday at 440p
Posted at 19/10/2023 19:57 by marktime1231
There is no need to cut the dividend! It is well covered now after being a close shave in the last decade. Nigel's plan to stabilise things has worked, he has been celebrating the generation of surplus capital in order to accumulate own funds ... increasing solvency, providing own money for investment and to stimulate others to invest.

Remember how grateful we were that LGEN kept up paying valuable dividends when others took fright or were leaned on during covid. That was pretty strong evidence LGEN know how important everyone regards the certainty and sustainability of a progressive dividend. There is zero chance it will be tampered with.

What may change under new leadership is how surplus cash is spent. Antonio is said to share the ethos of social capitalism, eg putting money to work for the good of the nation and communities etc, whatever happened to the govt idea to release reserves for infrastructure etc. But he may come under corporate pressure to do something about the share price. So while there is new business worth investing in like pension risk transfers, to offset the struggling asset management business, schemes which involve long term investment before we get the benefit may not get so much support as immediate measures to repair shareholder value. Yes, for example, a share buyback programme.

For example, as I understand it even after paying the handsome dividends LGEN generated something like £1.5B surplus capital last year and is on course to generate another £2B this year. That is in stark contrast to the mkt cap slumping to around £12.5B as the share price has dropped by a third or £1 off its peak in that two year period. Almost everyone else with a surplus has responded to wide discounting with a stock reduction. LGEN may respond too.
Posted at 02/10/2023 18:15 by thebutler
You'll all be pleased to know I have now received my LGEN dividend, and like you say Dope007, it's worked out better cos I'll be buying back the ultra low PHNX shares I sold last week including this dividend. So all good!
Posted at 02/10/2023 14:23 by thebutler
Contacted Barclays and they state they've had an issue of not receiving the entire dividend they expected to receive from LGEN so it's currently being investigated and the dividends will be released to clients as soon as the issue has been resolved.

I replied that other brokers don't seem to encounter these issues, but was told that other brokers will use their own money to promptly pay dividends to clients whereas Barclays can't 'cos they're (obviously) a bank.

I was assured I should receive the LGEN dividend within the next day or 2 as Barclays strive to provide the best service to its clients (blah blah blah). Hope that helps.
Posted at 02/10/2023 09:58 by thebutler
eurofox, I am still awaiting my LGEN dividend from Barclays, as well as my ABDN dividend, both of which had a payment date of 26/9. I'm getting thoroughly cheesed off with Barclays, and I can imagine quite a few other customers will be phoning them asking where the dividend is. Then they'll wonder why customers will ditch them, I am myself now in the process of looking elsewhere.
Posted at 01/10/2023 05:37 by the grumpy old men
Legal & General (LSE:LGEN) is among the highest yielding dividend stocks on the FTSE 100. The insurer actually has a dividend yield of 8.7%. Its surpassed only by two companies on the index.

So, why am I sure this is the safest 8% dividend stock on the index? Let’s take a closer look.


Dividend coverage is a financial metric used to assess a company’s ability to pay dividends to its shareholders while maintaining financial stability and meeting its other financial obligations.

It is typically expressed as a ratio. And this is often referred to as the dividend coverage ratio. We can do this calculation ourselves by dividing a company’s earnings by the total dividends it plans to distribute to shareholders.

In 2022, Legal & General’s dividend coverage ratio was two times, indicating that the company generated twice as much earnings or cash flow as needed to cover its dividend payments to shareholders.

This robust dividend coverage ratio reflects the company’s financial strength and its ability to comfortably sustain its dividend policy. It also suggests that Legal & General had a healthy buffer to absorb unexpected financial challenges or economic fluctuations while continuing to provide consistent dividends to its investors.


Despite a challenging macroeconomic environment and contrary to the falling share price, Legal & General’s performance has demonstrated impressive stability.

Operating profit in the first half reached £941m, only slightly below the previous year’s £958m. Furthermore, the insurance giant highlighted its progress towards achieving its five-year objectives of generating £8bn-£9bn in capital by 2024. To date, Legal & General has already generated £5.9bn.

In the results presentation, the board also noted a net surplus generation over dividends of £600m. This was in addition to new business deferred profits totalling £600m. Moreover, during the period, Legal & General’s Solvency II coverage ratio increased from 212% to 230% year on year. This is a critical gauge of financial strength in the insurance sector.
Posted at 29/9/2023 09:24 by thebutler
It took me AGES to get my LLOY dividend from Barclays last year and had to finish up phoning to find out where it was and they said it could sometimes take up to 2 weeks for dividends to transfer across. Eh?

Other providers don't seem to have the same issue and I sometimes wonder if Barclays are allowed to hang on to dividends like this. After all, they're always getting fined for one thing or another (that's why I don't hold Barclays shares). I've banked with them from the beginning and if it wasn't for the easy transfers in and out, etc (even though it might be just as easy if my ISA/SIPP provider was with someone else?) I'd leave Barclays stockbrokers like a shot.

PS. I haven't received my LGEN dividend yet either. It winds me up!

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