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Thursday tips round-up: Dignity, Legal & General

Thu, 05th Mar 2015 12:47

There are few things in life as certain as death, which gives funeral parlour operator Dignity exceptional visibility. So while the number of funerals dropped by 3.5% last year, the company is now set to benefit from the 23% rise in deaths registered over the first eight weeks of this year. In 2014 unfulfilled pre-arranged funeral plans grew by 25,000 to 384,000, providing a secure pipeline of future business.Furthermore, the large number of independently-owned parlours in the UK means it has space to grow, given its financial resources. The statutory pre-tax loss it saw last year was a function of the costly debt refinancing it carried out in order to return £64.4m in funds to its shareholders. So 'hold' on to your shares in the 200-year old business, says the Daily Telegrah's Questor column.Insurance and asset management group Legal &General provides investors with a reliable source of dividend income, thanks to the transparency of its business and predictable cash-flows. While the different parts of the business are moving at different speeds the company continues to be a dependable cash generator, up by 10% last year to £1.1bn.In the last five years the dividends have almost tripled, increasing by 21% for 2014 to 11.25p. The pay-out looks set to improve by another 15% this year. The current dividend yield stands at 4.2% and may increase to 4.8%. 'Buy', says The Times's Tempus.
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10 May 2021 08:08

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26 Apr 2021 12:34

IN BRIEF: Dignity Non-Executive Director James Wilson steps down

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22 Apr 2021 17:40

CORRECT: Dignity's Whiley ousted as chair, Phoenix wins over investors

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22 Apr 2021 13:09

Dignity's Whiley ousted as chair as Phoenix wins over shareholders

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22 Apr 2021 12:39

Dignity chairman meets demise at hands of shareholders

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22 Apr 2021 12:35

UPDATE 2-Dignity shareholders oust chairman in win for top investor Phoenix

(Adds Phoenix statement, background)By Yadarisa ShabongApril 22 (Reuters) - Shareholders in funeral services company Dignity Plc on Thursday ousted Chairman Clive Whiley in the culmination of weeks of opposition by leading shareholder Phoenix Asse...

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15 Apr 2021 14:58

UK shareholder meetings calendar - next 7 days

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13 Apr 2021 13:51

CORRECT: Dignity hits back at shareholder Phoenix in strategy dispute

CORRECT: Dignity hits back at shareholder Phoenix in strategy dispute

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13 Apr 2021 12:16

IN BRIEF: Dignity hits back at shareholder Phoenix in strategy dispute

IN BRIEF: Dignity hits back at shareholder Phoenix in strategy dispute

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13 Apr 2021 11:02

SMALL-CAP WINNERS & LOSERS: Dignity rises as hits back at Phoenix

SMALL-CAP WINNERS & LOSERS: Dignity rises as hits back at Phoenix

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6 Apr 2021 19:08

IN BRIEF: Phoenix Asset Management agrees not to bid for Dignity

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31 Mar 2021 10:56

Phoenix responds to Dignity in battle for board ahead of April meeting

Phoenix responds to Dignity in battle for board ahead of April meeting

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30 Mar 2021 12:19

Dignity set for showdown with largest shareholder in battle for board

Dignity set for showdown with largest shareholder in battle for board

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