Share Name Share Symbol Market Type Share ISIN Share Description
M&g Plc LSE:MNG London Ordinary Share GB00BKFB1C65 ORD �0.05
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 193.45 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
194.10 194.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 32,129.00 1,745.00 43.10 4.5 5,030
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:35 O 25,242 193.469 GBX

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M&g Daily Update: M&g Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker MNG. The last closing price for M&g was 193.45p.
M&g Plc has a 4 week average price of 143.80p and a 12 week average price of 143.75p.
The 1 year high share price is 252.40p while the 1 year low share price is currently 86.40p.
There are currently 2,599,906,866 shares in issue and the average daily traded volume is 8,542,841 shares. The market capitalisation of M&g Plc is £5,029,519,832.28.
2wild: Hmm. Kind of agree, although yield on MNG is 9.3% not 6.2. Interestingly my share price target is 300p , equating to a 6% yield.
churchill2: No Need In October 2019 the split of the Prudential share price of 1506p Prudential 1286p MNG 220p Interestingly if you add the dividends paid since then you arrive at very similar performance. As of closing price yesterday PRU 1299p plus 24p MNG 193p plus 21.77p. Hope this helps.
2wild: No there will be a formula for working it out. I think about 15% of average price of underlying. Eg if you paid 1000p then it would reduce to 850 and 150p for free MNGs.
timmy11: An overlooked UK share with an 11% yield The second stock I’m going to look at is asset manager M&G (LSE: MNG). This business was only recently separated from its former parent Prudential but has already earned a place in the FTSE 100. Most of M&G’s assets are in the UK. Like Imperial, it’s a mature business that’s not growing very quickly. But M&G’s operations do appear to generate plenty of cash, even in difficult markets like we’ve seen this year. The company’s recent half-year results showed capital generation of £202m and an operating profit of £309m. Both these numbers suggest to me that M&G’s interim dividend of £155m (6p per share) is comfortably affordable. As things stand, M&G is expected to pay a total dividend of 17.9p per share for 2020. That gives the shares a forecast yield of 11%. I’d be happy to buy this UK share for my portfolio. The post 11% dividend yields! Why I’d buy these UK shares for my ISA today appeared first on The Motley Fool UK.
2wild: Markets up 5% on positive vaccine news. You can still pick these up on a yield above 10%. Don't be surprised if the yield is 6%, giving a share price of 300p by this time next year.
maxplus2: HelloThank you. The way I see it is that cash is king at the moment. Buying shares now and wait till till the dividend date is a risk. The share price can fluctuate. That is why I was asking whether to invest now or wait when the time comes nearer the dividend date
cassini: maxplus2, I'm not 100% sure this is what you're asking, but regarding buying a share just before the XD date: in a perfect world the price of a share that pays a dividend will fall the day the share goes XD, by the same amount as the dividend, so there is no particular advantage to buying just before the XD date. As a simplified example, a share with a 5% annual dividend that is priced at 100p the day before going XD. would fall to 95p the day it goes XD because it is promising to pay out 5p in the £ of its value to shareholders who were invested the day before the XD day. You still have 100p in total. Then as the year progresses the share price would gradually rise in anticipation of the next dividend until by the next XD day a year later it is back up to 100p again. Rinse, wash, repeat.
2wild: Solvency ratio is assets divided by liabilities expressed as a percentage. Below 100% is very bad and below 110 is worrying. Over 140% is good, over 160% is excellent and over 200 is excessive. I expect the 2020 final dividend due to be announced early March 2021, will be at least 12p. I think the annual 18p which will be covered by around 2 x 2020 earnings, is sustainable for the medium to long-term and as such the shares are real bargain below 180 which gives a yield above 10%. A 6% yield would see 300p share price. Other opinions are available. The market seems to have a realdowner on these, being obsessed with high growth stocks.
garycook: m2,Yes Final XD Apr 21/Paid May 21.MNG state that the Interim dividend of 6p paid Sep 20,is a third of the total FY dividend,which would make the Final dividend 12p,for Apr/May 21,by my calculations.
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.
M&g share price data is direct from the London Stock Exchange
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