Legal & General Group Plc
LGGNF (OTC)
Legal & General Group Plc stands out as an attractive option for investors seeking reliable income, boasting an impressive dividend yield of 8.32% alongside nearly two decades of uninterrupted dividend growth. The company’s strong ESG credentials and substantial core operating profit forecast of £1.6bn in 2024 further enhance its appeal. Despite a 5-year return of -2.70%, the stock has delivered a robust 20.40% return over the past year, reflecting its resilience in the financial services sector.
Pros:
- Strong ESG credentials
- Nearly 20 years of uninterrupted dividend increases
Cons:
- Negative 5-year return
- Market volatility risk
Legal & General Group Plc (LGGNF) may be suitable for income-focused investors looking for a high dividend yield and a company with a solid track record of dividend growth. While the stock has faced challenges over the past five years, its recent performance and strong fundamentals suggest it could be a valuable addition for those willing to accept potential volatility in exchange for income generation.