M&g Share Discussion Threads

[gary1966] 09/3/2021 07:51

gbh2,

From the accounts and this may help answer your question:

Adjusted operating profit before tax was GBP788 million, a good outcome given that, as an independent company, we incurred Head Office and debt interest costs for the first full year.

[karv1] 09/3/2021 07:48

The outflow was fairly high counter by some inflows, seem one style of investment is going down while the other is going up. but also taking into account 2.2 billion self-generation target looks on track by 2022, solvency fund 182%, dividend grown.367 billion fum looks good. profit covers dividend. Also taking into account the pandemic this looks like a very decent set of results to me.

[damp seaweed] 09/3/2021 07:40

The annual dividend yield (@205p) is closer to 9% if you include the earlier 6p interim dividend.
Very pleased

[gbh2] 09/3/2021 07:29

Results Read well, +6% dividend excellent these days.

However being relatively new to this company there seems to be a lot of negative figures when compared to the last set?

[unastubbs] 09/3/2021 07:15

noticed that SLA halved their dividend today. i made (for once!) the right call selling those last autumn and doubling my holding of MNG.

[karv1] 09/3/2021 07:12

Looking good to me 12.23p dividend.

[my retirement fund] 08/3/2021 17:04

Bit of a break out here

[gary1966] 08/3/2021 17:03

Really strong UT trade at close today which is hopeful for good numbers tomorrow.

[spcecks] 08/3/2021 15:29

karv1 Also hoping for the dividend to be maintained.

[karv1] 08/3/2021 14:28

I guess we are all going to be up early tomorrow, with my fingers crossed for a maintained dividend or even better a rise in dividends with good inflows, and an increase in fum. My gut feeling or hope is the dividend will be maintained unless the figures are bad compared to the interim.

[2wild] 06/3/2021 01:54

Next 2 trading Days could see 10-20% gains. Unlike many high yielding stocks, MNG is not paying an historically based dividend, which
is no longer sustainable. They set the initial 11.96p final div some weeks before 2019 general election, when the 12 month average FTSE100 was around the current level. In August 2020 they declared 6p interim, with FTSE100 and worldwide markets far lower than now, with little prospect of a vaccine before spring/summer 2021.

As they finalise 2020 report Sunday/Monday latest covid-19 death rate will be circa 100 with around 40% of the UK adult population vaccinated including most of the high risk categories. Therefore almost certain to declare a final dividend in excess of 12p on Tuesday 9th March, in my view. Could easily be £2.50 by ex-dividend date.

[emptyend] 05/3/2021 21:06

I took an opening position just before the close today, having missed the most recent dip towards 180p. US market being up 2% since London's close should help next week start firm, with results to follow.My impression is that the groundwork has been laid for a return to favour, especially in the post-Brexit, post-pandemic market environment - but time will tell over the next couple of years.

[doubleorquits] 26/2/2021 12:14

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.

[gary1966] 26/2/2021 12:12

karv1,

Taken from the interim accounts and so feel pretty confident that it will be maintained at last years level.

I expect further volatility in markets while the Covid-19 virus remains a threat. It is too early to say we are through the worst, despite the rally in the second quarter. Against this backdrop, we remain committed to our dividend policy of stable or increasing pay-outs. We will continue to monitor developments carefully and we do not expect to increase the dividend while the threat of Covid-19 remains.

Hope this helps.

[my retirement fund] 26/2/2021 12:10

Slim chance should have a bright future

[karv1] 26/2/2021 11:44

I am new to M&G I have invested in M&G today, chasing my phantom high dividends, does anyone think there much chance of it being slashed? every time I pick a high yield dividend stock lately it gets slashed even when the numbers are good for one reason or another.

[gbh2] 25/2/2021 07:38

"will be at least 12.2p"

Which will be double the previous payment, do try to keep up at the back.

[rogerramjett] 24/2/2021 21:23

And perhaps more than adequate dividend cover.

[2wild] 24/2/2021 17:59

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.

[whatja] 24/2/2021 16:04

Being pedantic but
The first interim dividend is half the prior year’s second interim dividend.
Any change is applied to the second interim dividend and then flows into the next years first interim.

And just to confuse investors, we have a second interim instead of a final dividend because of Solvency II regulations which are not met for a final dividend to be declared.

[gbh2] 24/2/2021 12:59

March will be the Final divi which historically has been double the interim.

[rogerramjett] 22/2/2021 15:33

I bought 12500 shares on Friday. If this does not run to £2.60 I must be missing something.

Is 12p final divi likely or reduced to 6p ? This would be a 12p divi and around 6-7% at this share price

[reverend bong] 22/2/2021 09:54

6p, 12p, plus a 4p special. Yield at the current price of 187.55, if the dividends remain the same as 2020, is actually 11.6%.

If I wasn't looking for capital gains in covid recovery shares I'd be topping up in a big way.

[2wild] 18/2/2021 15:41

Don't forget a few months after floatation, during February'2020, the share price peaked at 252p on a inditated 17.86p annual div, giving a yield of 7.1% plus a soecial dividend. 2020 interim was marginally increased to 6p and i expect a 12.2p final will be declared 9th March.