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 Last Trade
0.30 0.12% 244.50 16:35:09
Open Price Low Price High Price Close Price Previous Close
245.60 243.40 247.60 244.50 244.20
more quote information »
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

anhar: At 245p and a forecast 21 divi of 18.2p, the forward yield for MNG is 7.4%. Compare this with some leading rivals: Schroders non voting, fdivi 115p at 2,593p, fy 4.4% Standard Life Aberdeen, fdivi 15.1p (div just been cut from 2020) at 278p, fy 5.4% Legal & General, fdivi 18.3p at 287p, fy 6.4% (not perhaps a close rival but it does have substantial fund managment interests). So on a yield basis MNG is valued considerably less than these but I see no sound reasons for such undervaluation. The only point that occurs to me is that MNG is a relative newcomer to the market with, so far, a very limited track record as an independent business. But if that explains the undervalue, though I'm not sure if it does, I don't consider it to be a reason to avoid the shares and in time that will disappear anyway. Using yield as the valuation basis, the current market opinion of fund managers as above suggests a yield of around 6% or less for MNG. That implies a share price of at least 300p right now in my view. This view does change constantly in line with shifting valuations of both the market and the sector. Which does not mean it will get there, the market is not rational at all in the short term.
mcflyo2: MNG v SLA MNG Year high: 231.70p Year low: 108.90p Market Cap: £5.72 bn P/E ratio: 4.95 Dividend yield: 8.29% SLA Year high: 332.80p Year low: 201.40p Market Cap: £6.23 bn P/E ratio: 7.57 Dividend yield: 5.11% MNG PE 4.95 wow!
peterbill: MNG v SLA MNGYear high: 231.70p Year low: 108.90p Market Cap: £5.72 bn P/E ratio: 4.95 Dividend yield: 8.29% SLAYear high: 332.80p Year low: 201.40p Market Cap: £6.23 bn P/E ratio: 7.57 Dividend yield: 5.11% MNG PE 4.95 wow!
anhar: I've reposted "sudcotes" recent query here from a redundant thread: "Investor L Plates firmly attached here and asking please, if the 12.23p dividend from M&G, paying on the 28th April,, which was announced as a 2nd interim divi, means, as my internet search indicates, that a final dividend will be announced (perhaps 3p ? ) at the AGM in May. The company end of year 2020 report definitely states that the 12.23 is a 2nd interim and not a final dividend.. Thoughts please/" The answer is that no further dividend after the 12.23p due 28 April will be paid for 2020. The "second interim" wording is a device to avoid requiring formal shareholder approval because interims do not need it, so the payment can be made earlier by a board decision without waiting for the AGM. But in fact it is, in effect, the final for that year. The next dividend after this is the interim for 21 payable on 29 September, the figure to be announced with the interim results in due course.
dutch123: The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
karv1: As time goes on and the market goes up, these high dividends stock will look more attractive. If M&G can maintain profits and dividends later this year and the following years or even grow the dividend then more people will come on board. Over 10 years we could be looking at 83% returns at the current price or at my buy-in price of 97% returns not counting dividend rises or capital gains, going on the presumption that everything goes well. I have been looking for that high percentage return for ages bouncing between, banks, insurers, housing, I have done amazing this last 12 months on capital positions but kept missing the high dividend stocks through trading from the March lows of 2020 or picking a stock that then slashed their dividends. Depending on the world recovery and the virus, If the market carries on becoming more staple then opportunity of this type of return will become rarer by the week.
xtrmntr: "Kick the dividend habit" this magazine recently implored shareholders, whether their goal is income or share price growth.The argument – that total return strategies work better over time – is backed by solid evidence, but ingrained preferences die hard. Be it a subtle distrust of companies' capital allocation plans or the bias for rental income that only a property-obsessed nation can sustain, UK shareholders like to feel the fruits of their risk-taking in cash lump sums, thanks.Dividend strategies for M&G (MNG) and Standard Life Aberdeen (SLA), clarified this week, provide useful insights into the market's views on capital returns and appropriate yields for two FTSE 100 insurer-cum-asset managers whose brands have seen better days.M&G, in its first of set of full-year results since its split from the higher-growth Prudential (PRU), surprised the market by doing what it already said it would: declare a stable or increasing dividend.In the event, the final pay-out climbed by 2.6 per cent, though had it held at last year's level, the pro-forma annual yield would have still stood at almost 9 per cent. As such, one suspects the heady market reaction to these numbers was less to do with the size of the distribution than the strength of the group's capital generation – shorthand for growth in capital above regulatory minima and therefore a useful proxy for income and balance sheet health.Though tangible signs of business growth were predictably elusive – excess capital from both the asset management and legacy Heritage life insurance arms were flat year-on-year – 2020 results will provide encouragement to those shareholders who believe equity can grow with or without reinvesting dividends. Indeed, a three-year target to generate £2.2bn in capital by the end of 2022 now looks beatable - especially after management joined Phoenix Group (PHNX) in lowering their longevity assumptions.The fact is, M&G's yield is so high because parts of its business are valued so cheaply. These results showed dividends are affordable alongside rising capital buffers and growth-oriented investments, such as the recent acquisition of wrap platform provider Ascentric.That deal helped to offset fund outflows elsewhere, including £12bn from retail investor mandates. This remains a perennial issue for the fixed income focused investment group, as it does for SLA, which sold its own closed-book life insurance division to Phoenix in 2018.The terms of that arrangement were tweaked ahead of full-year results, handing Phoenix the Standard Life brand and £115m in cash, in exchange for several complementary products to SLA's financial advisor platforms and a 10-year extension to a low-margin mandate to administer Phoenix's largely bond-based £172bn asset portfolio.In 2020, this was one of the few portions of the managed asset pile that held back net outflows. The higher-margin wealth management business, which accounted for £80m in fee based revenue, saw £1.1bn of gross inflows matched by redemptions; a further £25.9bn tranche from the lost Lloyds Banking Group mandate headed to Schroders (SDR) in the first half; while the institutional and wholesale arm – the source of almost two-thirds of fee-based revenues – saw net flows of just £0.3bn.The result was a 1.9 per cent dip in assets under administration, even after market movements. Together with lower margins across all sales channels, this weighed on revenues and adjusted pre-tax profits, given the largely fixed cost base.How does management turn this around? The answer – beat industry benchmarks and watch fund flows reverse over time – is easier said than done, particularly when managing more than half a trillion pounds' worth of client money.The outperformance of 68 per cent of total assets under management over a five-year time horizon is one source of hope. Yet it also feels less compelling when you note that key drivers of this record – fixed income, cash and alternatives – also attract some of the lowest fees.Chief executive Stephen Bird's decision to almost half the final dividend to 7.3p signals feel less like a sensible rebasing than a warning of further pain, and that consensus earnings forecasts of 17.4p per share for 2021 could prove overly optimistic. Sell.By contrast, though M&G's miserly rating reflects uncertain long-term prospects, we see much more security in its near-term capital return promises. Buy.
2wild: chrisb1103 are you having a laugh? Both reported 2020 results very recently. Share prices say all: JUP down 5.28% in 4 weeks +1.8% in 12 W. MNG up 19.84% in 4 weeks +14.57% in 12 weeks. JUP core annual dividend unchanged in 5 years at 17.1p yielding 6.2% on current 276p share price or 7.3% including reduced 3p sppcial div. Sell JUP and switch to MNG with a rising core dividend yield of 8.7%. Or buy CLIG with a current 31p, 6.2% core dividend, up 29% in 4 years, including 2021 interim up 10% to 11p. With 33p forecast for year ending June 2021, giving a perspective 6.6% yield, up 37.5% in 5 years plus a 13.5p special dividend in 2019. JUP down 45% in 3 and -35% over 5 years. CLIG up 12.1% in 3 and +64% over 5 years. JUP is appalling in comparison and almost always disappoints. Underperforming fellow fund manager CLIG by over 100% in 5 years. £1,000 invested in CLIG 5 years ago, would now be worth £2,155 including 560p in dividends. Even more with dividends reinvested. On same basis JUP would be around even over 5 years and significantly lower over 3 years.
doubleorquits: Who knows for sure?! But they did pay the dividend when the market fell last year and the promised special dividend too. There were a number of companies who failed to pay a dividend most notably in this sector AV. I hold this and EVR, SLP and RIO for the same reason you are citing - high yield. I feel confident of them to pay their dividends at the rates of previous year but it is a guessing game. MNG are the last of the four I mention to go - the others have all come up with the goods and more. All IMO.
2wild: Being factual the previous 2 posts are nonsense. MNG floated during October 2019 and have only ever issued one each of the 3 standard payment types. On 10th March 2020 they declared a final dividend of 11.92p for the period ending 31/12/2019. A special, return of capital, dividend of 3.85p was also declared at the same time. In August 2020 MNG declared an interim dividend of 6p for the period 1/1/2020 to 30/6/2020. MNG advised the starting point for the interim div would be 50% of the previous final div. Therefore 2020 interim was increased by 0.67% to 6p, more or less in line with the prevailing rate of inflation. I'm expecting the 2020 final dividend, which will be declared 9th March, will be at least 12.2p, given continuing improvements to market sentiment.
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