Legal & General: Negative Response To New Strategy Makes It More Attractive With 9.4% Yield [Seeking Alpha]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
NASDAQ:AMEX Investor Relations:
merriam-webster.com/dictionary/legal
Company Research
Source: Seeking Alpha
The company announced reduced dividend growth from 5% to 2% starting in 2025, causing disappointment among income investors. Legal & General plans to focus on enhancing capital returns through a combination of dividends and buybacks. The expected total return is about 13-16% including a 9.4% forward yield. On June 12, Legal & General Group ( OTCPK:LGGNY OTCPK:LGGNF ) (LGEN on LSE) delivered its revamped strategy under the new boss. Mr. Antonio Simoes became the company's CEO on Jan 1, 2024, and presented LGEN's results for 2023 Recommended For You Recommended For You About LGGNF Stock
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