M&g Dividends - MNG

M&g Dividends - MNG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
M&g Plc MNG London Ordinary Share GB00BKFB1C65 ORD �0.05
  Price Change Price Change % Stock Price Low Price High Price Open Price Previous Close Last Trade
-0.15 -0.09% 169.70 168.65 173.60 169.95 169.85 16:35:26
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Industry Sector

M&g MNG Dividends History

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

Top Dividend Posts

rik shaw: Trading update and re-conformation of dividend hTtps://uk.advfn.com/stock-market/london/m-g-MNG/share-news/M-G-PLC-M-G-plc-Business-Update-for-the-2020-AGM/82539536
doubleorquits: FWIW I don't think the dividend payment is a major issue personally. The Prudential (of which MNG were part until the spin-off) paid their dividend on Friday and the statement by MNG earlier did imply payment would be honoured as rik shaw outlines above. Indeed, I agree with his first point - "it was promised" as part of the separation terms I think the more pressing issue for now is whether MNG will be able to maintain its FTSE100 status at the beginning of June as a failure to do this will, IMO, lead to more pressure on the share price. This could conceivably be part of the problem with the fall in share price at the moment. Just me thinking out loud.
lindowcross: Will the price go down if the dividend is cancelled? Any purchaser after 17th April is not entitled to the dividend, so purchase decisions since then will have been made without taking it into account. But if the dividend is cancelled purchasers will know the £400m otherwise going to third parties will remain in the company. Hence the company will be more valuable relative to the current share price. Perhaps it would go up in value? I suspect the market is so manic, jumpy and nervous at the moment that in fact anything could happen were the dividend to be cancelled.
stevie blunder: Just a straw in the wind, bur Schroder Income Growth investment trust announced their half year results this which contained this : https://www.investegate.co.uk/schroder-inc-growth--scf-/rns/half-year-report/202005150700049720M/ "We established a new position in UK life assurance and fund management company M&G, where the share price had fallen to extremely low levels and where the dividend yield in our view is affordable and likely to be paid." Hopefully they are right.
churchill2: Its all about the dividends. Are they going to be paid at the end of the month or not. As at the approximate price this morning 116p if the dividend is cancelled the share price goes down 10-15p. If that happens the Company will have £400 million to play with and it is likely the sellers will turn buyers. If the dividend is paid 109 at the current price plus 15 equals 124p which looks a lot better. Thats my theory.
garycook: Income champion M&G (LSE: MNG) has seen its share price slide 47% year-to-date. The FTSE 100 asset and pension manager’s outlook is highly uncertain at present. However, it has a substantial amount of cash and a solid balance sheet. This should provide some protection against the unprecedented challenges facing the financial services sector. Looking ahead, the asset manager’s shares could remain unpopular among investors in the short run. But M&G’s size, as well as its reputation among investors around the world, should help it weather the storm and generate a strong recovery when things return to normal. What’s more, unlike many of its peers, M&G hasn’t yet announced a dividend suspension. After recent declines, the stock offers a yield of 14%. It’s also trading at a discount P/B of 0.6, providing a wide margin of safety as well as income appeal at current levels.
samba101: Div Payment: Do you think they are buying a bit of time until closer to payment date to see if they need to hold on to the cash or not? Also do you think they will announce they will definitely be paying it? If so hopefully this will boost share price due to confidence in their financials.
churchill2: Hi johnhelme I am with you. We either get a 15p dividend or if it is cancelled MNG has approximately £400 million to use to good effect so I see little downside whatever way it goes. Obviously the share price will react to the external news flow good or bad.
johnhelme2704: A professional investor on another board said you don’t need to find the bottom, just ensure you find value. His strategy was to buy investment trusts with dividends and take the 3 or 4 % while you wait for share price appreciation. My view is that at 128.5 I bought value and plan to take the dividends while a more normal valuation matures over next 2 years
johnhelme2704: I bought some more in case it doesnt get paid...seems a no-brainer as if it gets cancelled the share price should rise by an equal amount (heres hoping lol)
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