Today I purchased 650 shares Legal & General Group against a price per share including transaction costs and stamp duty of GBP 2,21.
With this purchase my yearly estimated dividend income will increase with GBP 108,88.
Legal & General Group will pay their interim dividend in September and next month I will recieve a first dividend payment from Legal & General contributing GBP 32,05 to my dividend income this year.
The expected yield on cost based on the current dividend is 7,57%.
Legal & General Group is active as asset manager and is also the UK’s largest provider of life assurance products. Legal & General is also leading the market in managing retirement risk for pension schemes in the UK and the USA.