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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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11 May 2020 13:48

Monday broker round-up

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11 May 2020 08:17

UPDATE 1-UK mourners choosing simpler funerals in COVID crisis -Dignity

(Adds details on results, background)May 11 (Reuters) - UK funeral services group Dignity said on Monday families burying loved ones in the COVID-19 pandemic were opting for simpler services as it reported a rise in the overall number of deaths co...

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11 May 2020 07:52

Dignity profits hit by rise in low-cost funerals

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7 May 2020 14:45

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3 Apr 2020 12:25

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11 Mar 2020 11:44

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11 Mar 2020 10:27

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11 Mar 2020 09:08

Dignity Operations Solid But Warns On Impact Of UK Watchdog's Probe

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11 Mar 2020 08:23

Dignity scraps dividend as profits fall

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11 Nov 2019 09:00

Dignity Pleased With Performance Despite Weak Results On Lower Deaths

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11 Nov 2019 08:47

Dignity profits slump as number of deaths declines

(Sharecast News) - Funeral services provider Dignity reported a decline third-quarter profits and revenue on Monday as the number of deaths fell.

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