Legal & General Grp Dividend yield

Legal & General Grp is part of Life Insurance business, which is part of Financials industry. Legal & General Grp is a company from UK, and his stocks are publicly traded.

Legal & General Grp stock dividend

Legal & General Grp paid a total dividend of 1,195 million GBP last year, for a market value of 13,081 millions (Market Cap 12,963 millions). Legal & General Grp dividend per share is 0.20 GBP, and his stock market price 2.19 GBP.

According to the chart below, where dividend yield is displayed, Legal & General Grp has a dividend yield of 8.98%, which is higher than the amount offered by both the market average and companies from UK. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Legal & General Grp stocks dividend with other Life Insurance companies or other of the best UK dividend stocks list.

Legal & General Grp Dividend Payout

About the ability of Legal & General Grp to maintain his current dividend of GBP 0.20 per share, an amount that accounts for 8.98%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Legal & General Grp payout on ernings is currently 51.28%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Legal & General Grp can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Legal & General Grp is GBP -0.08 per share, which is lower than the dividend per share paid by the company of GBP 0.20, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Legal & General Grp, compared againt world market average, UK companies, Financials industry and Life Insurance sector companies.

Legal & General Grp Dividend History

Below you will find a table with the historical evolution of Legal & General Grp's dividend stock, both in percentage and in GBP, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	GBP	Paypout	Shares*
Present	8.98%	0.20	51.28%	5,973
2022	7.50%	0.19	54.29%	5,971
2021	5.99%	0.18	66.67%	5,968
2020	6.60%	0.18	58.06%	5,966
2019	5.53%	0.17	54.84%	5,961
2018	6.77%	0.16	55.17%	5,959
2017	5.36%	0.15	68.18%	5,955
2016	5.92%	0.14	73.68%	5,938
2015	4.35%	0.12	70.59%	5,938

*In millions

Then you can see the evolution of Legal & General Grp dividend stock, and compare it with the average of UK stocks and that of the Life Insurance stocks.

Legal & General Grp Stock performance

Finally, last moth Legal & General Grp showed a return of -6.30% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a -13.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for UK and Life Insurance firms.