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"According to analysts, Legal & General Group's stock has a predicted upside of 30.12% based on their 12-month stock forecasts."
You are right BigBaz, I should have placed my reasons. To be fair its not a single reason but a general consensus from reading other reports about LGEN.
If come reporting day the results are good with no drop in earnings will citi group be investigated for market manipulation?. If as I suspect results will be inline with expectations fraud office take a look? Bit of a rat smell and its coming from citi,s direction. IMHO.
SOM, what was that all about? You will never abuse me but then tell me to drink Horlicks and put bars on my bed ???????
You are probably right, time away from this BB will do you good. Its never my wish to make you cry but you are a strange character social one minute abusive the next. Take some time out and come back relaxed and refreshed. may then allow you into Beautiful Yorkshire 8-))
Why is the FTSE 100 7-8% below it’s all time high, whilst the American, German and French Markets are almost at all time highs.
IMHO TAX. The GOV is taking more and more of any profit in tax. Why risk capital if any gains are going to be pilfered by the tax man. Corporation tax, stamp duty, divi tax, any profit on sale of shares ,capital gains tax. They destroyed the pub industry just the same. Just my opinion.
"Small investors pull money out of UK stock market at record pace"..
Not at all surprised. The GOV have hammered company profits, stamp duty, and now looking to increase tax on dividends. They have destroyed the pub industry with tax and now are doing the same with share holding ,hence small investors walking away. Why risk capital when HM GOV are going to pilfer any gains. Also why UK stock market has stagnated over last decade.
"These are my main inputs. What are yours?"
I don`t want to bring inputs that are not relevant unlike you. I want to read others thoughts that are worth reading but because of you and your "inputs" most knowledgeable posters have gone. Thanks for that.
Have to laugh though. The thought of you doing the foxtrot whilst holding your Zimmer frame made me laugh. Nothing wrong with a vivid imagination.
I get it now Mandy. Through out your life you have been a non entity, ignored, a never was ,left on the top shelf and in time becoming bitter and twisted. Being on this BB gives you a voice that you have never had before, people take notice of you through your constant abuse. A very sad way to get noticed. You can take this to the bank, I will never again treat anything you say as relevant or worth reading. "But you can only turn your cheek so much" So where has not turning your cheek got you? has it improved your correspondence here? has it improved BT`s outlook? Has it brought us any useful info? Has it gained you friends ?NO.
You went to a party the other night. Where was it held? the local phone box?
Well SOM after seeing essay length posts in reply to me it seems I've upset you. Please tell me what upset you then I can upset you again. I must apologise to others on this BB as I sometimes stood in your corner standing up for your right to an opinion. This was in error. You are in fact a miserable, thoroughly nasty, opinionated, vicious spiteful curmudgeon.
You have a sense of "humour"... er no. More humour in my big toe.
"Arrogance" is all yours, you cornered the market there me old duffer. Blind to others opinion and rattle out of pram time if they dare differ from yours.
So I will pose my question again, and please answer without the horse 5h1t .Whos fault is it you own BT shares?
Now put your false teeth back in and engage brain before answering. I will give you a clue.. look in a mirror.
Hi SOM, ( can you not get a better title?, bit strange calling you Mandy). There is one fault that is not caused by the unions--
You buying BT shares.
There are two things that can happen, 1 A bid comes and SP rises quite quick allowing people to sell and get out of BT.
2 No bid comes and BT has to work itself out of present difficulties. This will take much longer however I do not care which way the option falls as I will keep taking divi ALAP. Full fibre will end. Having come this far it may be bad judgement to sell out now bid or no bid. Patience needed friend.
Fleccy,I do admire your steadfast resolve with BT. However the Gov is now not happy with corporation tax, it wants to grab, steal, pilfer by any means possible the net profits and Dividends from BT. The country is in a bad financial mess which means the Con-socialists will view any spare cash as theirs. Gov will continue to unleash its attack dog Ofcom at BT even past this present legal court case. They just will not let BT and thus its share holders prosper. The to55ers have lost my vote.
"Harbour Litigation Funding is financing a case fronted by former Ofcom official Justin Le Patourel that alleges the telecoms group abused a dominant market position to charge “excessive” prices for landline customers, many of them elderly. BT is contesting the allegations."
I think the law needs to take a serious look at Justin Le Patourel. His actions are akin to insider dealing IMO. he is using his knowledge gained at ofcom to pursue a case for personal gain. This stinks.
Since FY2010, Legal & General has either maintained or increased its payout every year. And in that time, the distribution has risen considerably.
Back in FY2010, the total payout was just 4.75p per share. For FY2022, however, it was 19.37p per share. That represents growth of 308%, or 12.4% a year on an annualised basis.
It’s worth noting that, as a result of its dividend track record, Legal & General is part of the S&P UK High Yield Dividend Aristocrats Index. This features high-yielding UK stocks that have managed to maintain or increase their dividends for at least seven consecutive years.
Given its inclusion in this exclusive group, I think management is likely to do everything it can to maintain the excellent dividend track record in the years ahead.
2024 forecast
As for the forecast for 2024, the consensus estimate is currently 21.4p per share.
That’s another big payout. At today’s share price of 251p, that equates to a yield of around 8.5%.
Note however, that Legal & General typically pays its dividends in June and September. The June payout is the final one from the previous year , whereas the September distribution is the interim payout for the current year.
No guarantees
Now, it’s worth stressing that analysts’ forecasts aren’t always accurate.
So there’s no guarantee Legal & General will actually pay out 21.4p per share for FY2024.
One risk to be aware of here is that the financial services company has a new CEO. And he could decide to change the capital allocation policy.
I’d be surprised if the new chief exec did opt for a cut. Because as I said earlier, companies usually like to preserve their track records.
But we can’t rule one out. Especially when dividend coverage (the ratio of earnings per share to dividends per share) is low. For 2024, the dividend coverage ratio is only forecast to be around 1.25.
An attractive stock today
It’s worth pointing out that the big dividend isn’t the only attraction of this stock.
Another appealing feature is its low valuation. Currently, it trades on a forward-looking P/E ratio of around 9.4 – well below the UK market average.
Given that it has both a low valuation and a high yield, I think there’s a lot to like about the stock today.
As always though, diversification is important when investing in stocks like Legal & General. Because there’s always the chance it could underperform.
The post Huge cash payouts! Here’s the Legal & General dividend forecast for 2024 appeared first on The Motley Fool UK.
Again why is this share not trading in the £3 to£5 range? beats me. GL all next few weeks.