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MNG M&g Plc

225.30
1.00 (0.45%)
20 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
M&g Plc MNG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.00 0.45% 225.30 16:35:02
Open Price Low Price High Price Close Price Previous Close
224.30 222.60 225.10 225.30 224.30
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

M&g MNG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
20/09/2023InterimGBP0.06528/09/202329/09/202303/11/2023
09/03/2023InterimGBP0.13416/03/202317/03/202327/04/2023
InterimGBP0.06218/08/202219/08/202229/09/2022
08/03/2022InterimGBP0.12217/03/202218/03/202228/04/2022
InterimGBP0.06119/08/202120/08/202129/09/2021
09/03/2021InterimGBP0.122318/03/202119/03/202128/04/2021
12/08/2020InterimGBP0.0620/08/202021/08/202030/09/2020
10/03/2020SpecialGBP0.038516/04/202017/04/202029/05/2020
10/03/2020SpecialGBP0.038516/04/202017/04/202029/05/2020

Top Dividend Posts

Top Posts
Posted at 15/2/2024 18:02 by 1robbob
Troy
Your statement re the dividend is not correct
....'A 13.4p divi is due within a month'

The Final dividend has not actually been announced yet and will not be until the results on 21st March
13.4p was in fact last years' Final Dividend, most of us are expecting an increase this year

Almost certainly not due 'within a month' either
Posted at 13/2/2024 12:22 by muscletrade
Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240.0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".

Goldman Sachs noted that M&G operates three main segments - Asset Management, M&G Wealth, and Heritage. It said these were interconnected and, in its view, provide "attractive synergies".

"M&G is an asset manager with a large balance sheet which allows the firm to seed assets and helps to drive inflows, while also generating sufficient capital to cover its dividend and deleverage over time," said the analysts.

GS also highlighted that M&G trades on a 10.3% one-year average next twelve-month dividend yield, higher than the UK life peer average of 8.9%.

"This discount is unjustified in our view given M&G’s diversified business mix, the quality of PruFund, leverage reduction and capital-light growth potential," said Goldman.
Posted at 12/1/2024 18:45 by helen troy
Pete, maybe I have given a dilettante impression. Excuse me. Let me correct I am all in on MNG at the moment. When the divi is paid in March and the share has recovered from x divi I MAY go substantially, or all in, to Tsco, which has a tasty final divi. Good luck. My theory is shares generally recover the x divi drop.Not a strategy for the faint hearted, btw. :-)
Posted at 14/12/2023 16:56 by alan@bj
Investors' Chronicle "Idea of the Week". Their headline is, "Have faith in this mega dividend payer" and they summarise a fairly lengthy analysis with "Comparative valuations still favour M&G, whose earnings multiple of nine is slightly below that of L&G’s. At almost 10 per cent, the former’s dividend yield is also considerably better than the 8.2 per cent forecast for L&G. If M&G can meet its targets for cost control and does not take too much of a hit to its solvency ratio from higher interest rates, then arguably the potential for a higher rating is clear. The market environment is currently favourable, and the dividend is the most generous waiting payment that investors will find on the market, all of which means M&G presents a decent case to be taken seriously by investors."
Posted at 30/11/2023 07:56 by masurenguy
Should I buy M&G shares for the 9.8% dividend yield?

One of the attractions of owning FTSE 100 shares at the moment is some of the high yields on offer. Take asset manager M&G (LSE: MNG) as an example. It has a dividend yield close to 10%.

Sustaining the dividend

No dividend is ever guaranteed. That recognised, M&G does have a policy of aiming to maintain or increase its dividend each year. This year, for example, saw a 4.8% increase at the interim stage. Last year, the full-year dividend rose 7.1%. To keep growing (or even maintain) its dividend over the long run, the firm needs to continue generating enough cash. The company has proven its cash generation potential. Last year, not only did it pay out a chunky dividend, it also spent half a billion pounds buying back its own shares.

Set for growth

Can M&G keep generating sizeable free cash flows in future? It has a well-known brand, customer base stretching to millions of clients in several dozen markets and can benefit from ongoing high demand for asset management. So far this year, business has been strong. In the first half, the firm saw a net client inflow of funds (excluding its Heritage business) of £0.7bn. It generated over half a billion pounds of capital. Set against that, demand for financial services is high over the long run but can fluctuate. Choppy markets might lead investors to pull money from funds, for example, hurting revenues and profits for service providers like M&G.

Beyond the dividend

Despite the risks, I would be happy adding more M&G shares to my portfolio if I had spare cash to invest. I say ‘more’ because I already own shares in the FTSE 100 company. But while the dividend yield is certainly attractive at 9.8%, is that the only reason to own the shares? What about the prospects for capital growth? The track record here is unremarkable. The M&G share price has moved up 6% in the past year. Since it listed in 2019, the shares have lost 10% of their value. Past performance is not necessarily a guide to what may happen in future though. With a market capitalisation of £4.8bn, I consider the business to be attractively valued given its strengths. The long-term trend of a falling share price may continue. But I am hopeful the reverse will be the case and M&G shares rise in price over time.

I’d keep buying

I like the business, I like the valuation, I like the potential for capital growth and I certainly like the blockbuster dividend yield. So I plan to hold my M&G shares and look forward to hopefully receiving ongoing passive income streams from them. If I had spare cash to put to work in the stock market, I would be happy to buy more of the shares today.
Posted at 02/11/2023 12:59 by helen troy
SS you are way off the mark. I bought in for the skewed 13.4p+ divi after collecting the Tesco divi. I don't get the mng divi that is getting paid today. If I get a 13.4 p capital gain before the divi is paid I will cash in and repurchase for the divi on any drop. Keep taking the tablets.
Posted at 01/11/2023 17:36 by helen troy
I think my simple plan is too deep for you Ron. I am in mng for the next divi. All funds are in an Isa. The next divi is months away. I am stating that if the share capital increases meantime more than the divi then I sell. I have got the divi from my capital increase. That then puts me in the position that if mng falls below my sell price I can repurchase and get the divi again. :-)
Posted at 09/9/2023 10:29 by killing_time
The MNG dividend is 19.6p
Posted at 03/9/2023 06:15 by boystown
Tipped in Midas column in Mail on Sunday:

How should investors choose which shares to buy? Some look primarily for growth, delivered by rising share prices. Some seek out income, delivered by generous dividends. Most cast about for a blend of the two. The search can be tricky, particularly now when many companies are struggling to grow and offer lower income than top-ranking savings products.

M&G is different. The shares are trading at £1.91 and it is forecast to pay a dividend of 20.1p this year, putting the stock on a yield of 10.5 per cent. In most cases, such a yield would set alarm bells ringing. City types like their dividends to be fair to middling, with high yields prompting fears that either the dividend or the share price is heading for a fall.

But M&G is a main constituent of the FTSE 100 index of Britain's largest listed companies. It is valued at almost £4.5 billion and chief executive Andrea Rossi is committed to increasing the dividend and driving profits growth. Brokers believe he can do both. Half-Swedish, half-Italian, Rossi was educated in France and has spent his career working around the world, collecting contacts along the way. Having taken the helm last October, he is already making a mark on the business.

M&G is, at heart, a savings and investments business, building on decades of experience to help customers earn attractive, long-term returns on their money. Founded in 1900 to finance urban public transport, the Municipal and General Securities Company evolved into an investment firm, launching the UK's first unit trust in 1931. In 1999, M&G was acquired by Prudential but four years ago, the group split into two. Prudential became an emerging markets-focused insurance firm. M&G was left as an international asset management business with a UK savings division and a life assurance arm.

The demerger was underwhelming. From a starting price of £2.20 in October 2019, M&G shares had more than halved by March 2020 and, even though they have since recovered some composure, remain below their original price.

That should change. Rossi is energetic, ambitious and determined to ensure that M&G capitalises on its heritage and investment talents. The company has more than £300 billion under management, spanning every type of asset, from international bonds and equities to African micro-loans to Northern Gritstone, formed by the Universities of Leeds, Manchester and Sheffield to turn clever ideas into commercial businesses.

Traditionally focused on working with large institutional investors, M&G is keen to develop its wealth division, which offers products to individual savers, via financial advisers. Rossi is investing in technology to make this business work better and the firm also benefits from an expertise in bonds, sustainable investments and multi-asset products, all of which are in vogue right now.

M&G owns a sizeable life assurance and annuity subsidiary too. This has been closed to new business for several years but is about to reopen its doors.

Brokers expect the group to deliver robust growth under Rossi's stewardship, with operating profits rising from £616 million this year to £729 million by 2026. Dividends should increase to 21.2p over the same time frame.

Midas verdict: The FTSE 100 index of Britain's largest listed companies is forecast to deliver annual income of 4.1 per cent this year. At £1.91, M&G shares offer a yield of more than 10 per cent and the prospect of long-term growth. Buy and hold.
Posted at 05/8/2023 21:04 by popit
cjac39

Thanks

Well as I said I don’t know much about the insurance industry and I am sure that many retail investors will not know very much about these things

And I have 2 other points to add to the previous 10 points if that is ok?

11. I have looked at the M&G full year results for 2022 and I see an Adjusted Operating Profit of £529 million. That is down from £721 million in 2021. And I see an IFRS loss of £1,619 million for 2022. That is down from £92 million profit in 2021. Basic eps is a loss of 66p. I do not see any figure for Adjusted eps. Do they give a figure for Adjusted eps? So these are quite huge losses of over £1.6 billion for the IFRS figure in 2022. Are these huge IFRS losses likely to continue in future years? Or can we expect to see any large IFRS profits in future years?

12. Most investors seeing a large negative eps figure of 66p for 2022, and a large dividend of 19.6p per share, would probably think that the dividend was unaffordable and unsustainable in the future. The dividend does not seem to be covered by earnings. So is the 2022 dividend covered or not covered? And is this situation with a large negative eps likely to continue in future years? Is there no eps figure which M&G can show that is positive and which shows that the dividend may actually be affordable? What is the Adjusted eps? Presumably the Adjusted eps is over 19.6p if the dividend is to be affordable? Can you explain how this dividend of £464 million is sustainable in the future?

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