Legal & General Group
Legal & General Group PLC (Ticker: FTSE 100 – LGEN) is a British multinational financial service & asset management company. The group has a total of over £1.2+ trillion of assets under management.
Established in 1836 the L&G Group is one of the UK’s leading financial services groups. L&G have been providing financial services to its customers for over 185 years.
There are three main businesses under its umbrella, Asset Management, Institutional Retirement and retail.
This is an international business so it is not reliant on any one particular market. Its international reach covers the US, Europe, Asia and the Middle East.
The group specialises in products like annuities, pensions, life insurance, life time mortgages and investment management.
Many people do not realise the group also invests directly in affordable housing, renewable energy as well as high quality direct investments.
Operating profits for the end of 2025 was £2,623 Billion, an increase of 6% and core earnings per share up 9%.
Solvency II ratio is 210%. This is a metric all insurers are measured against in order to ensure they are able to fulfil commitments like future pensions or insurance payouts.
L&G’s have set out ambitions regarding returns to investors over the next two years (between 2025-2027) by increasing the dividend by 2% to £0.2179 and to return £1.2 billion in share buy backs. Making a projected total return to shareholders of £5 Billions pounds over this period.
Legal & General average 5 year share price
Legal & General’s average share price over the past five years (08/2019 to 08/2024) sits between:
At the lowest point of £1.55 on 20/03/2020 when the pandemic started.
To the highest of £3.19 on 19/02/2020 just before the pandemic.
Based on my own personal experience looking at a long term hold, today I would purchase shares between the price range of £1.95 to £2.05 target.
The ideal exit strategy would be to hold them for 10-15 years before selling around the £3.50 to £4.50 target sell price.
Legal & General Dividend
In 2016 the group announced a progressive dividend policy projecting growth between 3-6% annually until 2024. L & G projected and delivered a 5% dividend increase for 2024 which followed that previous guidance.
Dividends are paid bi-annually with the final dividend being paid around the 1st June each year.
Legal & General’s first interim dividend is usually paid around the 21-26th September (Going ex-dividend around 21st August). Then the groups final dividend usually goes ex-dividend around the end of April to be paid in early June of each year.
Retail customers can easily find the groups historical dividends on the Legal & General Investor Relations website.
P/E is currently 0.32 (04/06/2026)
Dividend yield 8.09% (04/06/2026)
L & G Group was first added to the portfolio in 2016 purchasing just 500 shares.
Fortunately there was a great buying opportunity during the 2020 pandemic. I managed to double the holdings during the market dip, one of the lowest prices paid was just £1.6085 per share.
Total dividend income received over a ten year period is £1,570.45. This is pretty impressive, especially because in the first three year we only held 500 hundred shares until 2020.
Further payment analysis can be found in the file below:
LGEN
Historical dividends per share
For research purposes, we’ve listed the last eleven years of dividends.
- 2025 £0.2179
- 2024 £0.2136
- 2023 £0.2034
- 2022 £0.1937
- 2021 £0.1845
- 2020 £0.1757
- 2019 £0.1757
- 2018 £0.1642
- 2017 £0.1535
- 2016 £0.1435
- 2015 £0.1340
Remember, dividends are never guaranteed. Future distributions depend on management’s discretion. Therefore, before investing, thoroughly research past performance and ensure any future payments are sustainable and profit-based.
Disclaimer:
Please remember that all investments can rise and fall in value, therefore you may get back less then you originally invested.
This website or webpage is not a suggestion to purchase or invest in any stocks / equities and is presented purely for research analysis.
Should you be unsure of any investment whether it be purchasing shares directly, funds or investment trackers, you should seek independent financial advice from a qualified financial advisor.
