RE: Dividend15 Aug 2023 13:12
Alongside that, its Solvency II coverage ratio - a crucial metric for insurance companies indicating their financial health - stood at a solid 230%, showcasing a surplus of £9.2bn.
That was an improvement from the first half of 2022, when the ratio was 212%.
On the dividend front, Legal & General declared an interim distribution of 5.71p, making for a 5% increase from last year's first-half dividend of 5.44p.
That aligned with the company's longer-term strategy, with the board signalling its intention to maintain 5% annual growth in the dividend until the fiscal year 2024.
This company is amazing. High divi which is still x2 covered. Hope they do not get silly ideas with surplus.