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Robson, I'm guessng that the market was speculating on better results. I upped my holding this morning at £2.428. My pension fund has had a 10% drop over the last month due to the fact that 70% was invested in US stocks. I sold a US fund and moved the proceeds to LGEN. I'm now moving slowly to LGEN, MNG, PHNX, giving me a 10% annual gain. Seems more sensible than risking a Trump slump again, although I am still invested in Nasdaq. LGEN is as you say safe, reliable dividend payer. If I can get a 10% return here with minimum risk, why bother with all the strss of the Nasdaq and Trumponomics?

Jim800, the language in your post suggests you disagree that dividends are being 'paid out of debt'. Is that so? Why?

Ex divi is 24 April. Dividendmax site is excellent for this info. You can search for any company dividend at top right of this page:

https://www.dividendmax.com/united-kingdom/london-stock-exchange/life-insurance/legal-and-general-group-plc/dividends

Eccles04, yes 15.4% annualised but you are not taking into account your capital loss by holding thro' ex div date.

Islandgirl,"in theory" buybacks increase the SP but I've been investing for 35 years and I have never seen it work like that. Never. I much prefer dividends distributed directly to shareholders.

But robleo, whatever gains in SP between now and ex dividend date will be probably wiped out on that date.

Strictly, Monkey and Mr Math, thaks for your replies. What are your recommendations for RELIABLE high yield stocks in the UK. I'm getting various search results. I'm seriously considering moving in this direction. One thing holding me back is the capital loss over a year (LGEN -5.8%, MNG +1.14%, PHNX -1.27%); that would not be good if the trends continued! Mind you, IMB and BATS are +38% and +30% respectively. And TW is -18.5%. I would intend to diversify in all of above which would give me a 8.9% yield return. I would also hold some 30% of portfolio in US stocks for long term; MSFT, GOOGL, NVDA, AAPL.

I posted the following on MNG board. I'm interested in comments:

I am looking at my shares performance in my pension fund at the moment. Warren Buffet's advice is for the average individual not to invest in individual stocks. I am invested mainly in USA growth stocks and I trade a few times a year, but to be honest I struggle to make gains. Some go up and some go down. I haven't measured my gains or losses. Too much work.

So I was thinking; 'Why not invest my entire pension in high dividend yielders like LGEN, MNG AND PHNX?' So I can forget all the ups and downs of share prices and lock in my annual yield regardless of the share prices at about 9%. This would give me a reliable annual income which I would say beats the average growth of my Nasdaq stocks. It means I can forget about my pension fund, sit back and take my annual income.

However, this strategy exposes me to two dangers; firstly the reliability of dividends. I would have to research that. I know LGEN are very reliable and didn't reduce during COVID for example. The second risk is that one of the companies could fail or be delisted. Don't tell me that won't happen; I've had enough experience to know it's possible (viz EVRAZ). Of course there is always the possibility that one of the three companies I mentioned could experience a dramatic reduction in share price, thus eroding my capital. Though as I am no longer relying on the capital in the medium term, the reliability of the dividend then rises to the surface as the most important factor. On the other hand, I am also free over time to switch into another dividend -paying stock. I'd be interested in opinions as to whether I should pursue such a strategy. My current strategy of buying individual 'growth' stocks is not yielding me a 9% gain annually!

Gary59, thanks for reply. You went ahead with that strategy of investing 40% in high dividend payers. Are you still in that position? How has it worked out for you? What dividend paying companies did you invest in?

Dixon, for me this is a great question as I am looking at my shares performance in my pension fund at the moment. Warren Buffet's advice is for the average individual not to invest in individual stocks. I am invested mainly in USA growth stocks and I trade a few times a year, but to be honest I struggle to make gains. Some go up and some go down. I haven't measured my gains or losses. Too much work.

So I was thinking; 'Why not invest my entire pension in high dividend yielders like LGEN, MNG AND PHNX?' So I can forget all the ups and downs of share prices and lock in my annual yield regardless of the share prices at about 9%. This would give me a reliable annual income which I would say beats the average growth of my Nasdaq stocks. It means I can forget about my pension fund, sit back and take my annual income.

However, this strategy exposes me to two dangers; firstly the reliability of dividends. I would have to research that. I know LGEN are very reliable and didn't reduce during COVID for example. The second risk is that one of the companies could fail or be delisted. Don't tell me that won't happen; I've had enough experience to know it's possible (viz EVRAZ). Of course there is always the possibility that one of the three companies I mentioned could experience a dramatic reduction in share price, thus eroding my capital. Though as I am no longer relying on the capital in the medium term, the reliability of the dividend then rises to the surface as the most important factor. On the other hand, I am also free over time to switch into another dividend -paying stock. I'd be interested in opinions as to whether I should pursue such a strategy. My current strategy of buying individual 'growth' stocks is not yielding me a 9% gain annually!

Yes mpo818, but depends on basket of goods and services used to calculate CPI.

Bearded Dragon, use DividendMax and do a search for PHNX. They are very accurate and clear about divis for all companies. I use them regularly.

Does anyone agree with Porsche. Are we really 3.5 bn in debt, regardless of cash generation? I should know this.

Armani. Good to see someone posting about LGEN, rather than boring British politics.

I sold a lot here at 2.30. I used the proceeds to buy Nasdaq stocks. Great return. Also I have bought crypto miners MARA, HIVE ad also today IonQ.. Mind you I am still holding LGEN as my number one but that might change soon. The FTSE is so disappointing.

Yes I agree; I don't understand this term "on strain"!

It beats me why one would 'filter' someone. So you still have to read the replies to their posts while not reading their original posts...? Why?

Been a while since I checked this board. It's encouraging to see the optimism about potential re-listing of EVRAZ. I had about £5k wiped off my pension fund after the war started. It hurts still!

Is PHNX paying divident out of debt as per Porsche? Yes or no?

I've been investing in the stock market for over 35 years. I've had some sucess and some failure and I'm still learning. But I have NEVER seen share buybacks have a positive effect on the share price. Repeat: NEVER.