Legal & General: 8.5% Yield With Growing And Sustainable Dividend [Seeking Alpha]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
NASDAQ:AMEX Investor Relations:
merriam-webster.com/dictionary/legal
Company Research
Source: Seeking Alpha
Its main business is pension risk transfers with the record-beating transaction volume. The risk of a dwindling supply of PRT deals appears overblown. LGEN is undervalued in line with the UK stock market and can add capital appreciation to an almost 9% forward yield. UK's Legal & General Group ( OTCPK:LGGNY OTCPK:LGGNF ) (LGEN on LSE) yields close to ~8.5% at the time of writing. The company is committed to raising its dividend by 5% in both 2023 (the final part is payable in May 2024) and 2024. Is this trend sustainable in the longer term? And can we count on capital appreciation in addition to the generous dividend? These are the two main topics of this post. Three months ago, I published "Enterprise Products Vs. Legal & General - Which Of The 2 Superior Yield Stocks To Choose" ("previous post"). It is time to update since LGEN has recently reported its 2023 results. Legal & General brief description The company has experienced many transformations during its long histo
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News
- South African mines minister hits out at BHP’s £31bn bid for Anglo American [Financial Times (FT.com) (UK)]Financial Times
- South African minister hits out at BHP’s £31bn bid for Anglo American [Financial Times (FT.com) (UK)]Financial Times
- Exclusive: UBS shuts some China private funds, will lay off staff, sources say [Reuters]Reuters
- Legal & General Group's (LON:LGEN) Dividend Will Be Increased To £0.1463 [Yahoo! Finance]Yahoo! Finance
- Legal & General Group Plc (LON:LGEN) is largely controlled by institutional shareholders who own 77% of the company [Yahoo! Finance]Yahoo! Finance