Phoenix Group Offers Investors A Growing 10% Dividend [Seeking Alpha]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
NASDAQ:AMEX Investor Relations:
merriam-webster.com/dictionary/legal
Company Research
Source: Seeking Alpha
While a large portion of its business is in run-off, organic growth in its open businesses looks set to offset declines in the closed-book segment. With the dividend yield expanding to 10%, modest growth would be enough to deliver attractive double-digit annualized returns for investors here. 2023 was ultimately a pretty soft year for U.K. life & savings company Phoenix Group ( OTCPK:PNXGF ), whose shares fell slightly on a total return basis, underperforming British peers with similar business such as Aviva ( OTCPK:AVVIY OTCPK:AIVAF ), Legal & General ( OTCPK:LGGNY OTCPK:LGGNF ) and M&G ( OTCPK:MGPUF Frustrating as this will have been for Phoenix's shareholders, recent underperformance leaves it looking interesting, with the stock's circa 10% dividend yield looking particularly enticing at this point. With the firm also poised to lay on some growth in the years ahead, these shares look like an intriguing pick for value investors, and I open on the name with a Buy rating. Wit
Show less
Read more
Impact Snapshot
Event Time:
LGGNY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LGGNY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LGGNY alerts
High impacting LEGAL&GENL GRP PLC S/ADR news events
Weekly update
A roundup of the hottest topics
LGGNY
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