Legal & General Group's (LON:LGEN) Dividend Will Be Increased To £0.1463 [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
NASDAQ:AMEX Investor Relations:
merriam-webster.com/dictionary/legal
Company Research
Source: Yahoo! Finance
This makes the dividend yield 8.2%, which is above the industry average. View our latest analysis for Legal & General Group Legal & General Group's Payment Has Solid Earnings Coverage While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Prior to this announcement, the dividend made up 277% of earnings, and the company was generating negative free cash flows. Paying out such a large dividend compared to earnings while also not generating any free cash flow would definitely be difficult to keep up. The next 12 months could see EPS growing very rapidly. If the dividend continues along recent trends, we estimate the payout ratio could reach 77%, which is on the higher side, but certainly feasible. Legal & General Group Has A Solid Track Record Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2014, the annual payment back then was £0.093, compared to the most re
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