On Friday, Legal & General moved to the top of the FTSE100 leader board with an increase of 5p to 233p. This is following an increase in its most recent dividend, and as it appears that their longer term strategic goals are paying off. With the shares having made a recent low of 199p at the beginning of February, investor sentiment was certainly negative. Since then, however, a 19% increase in its full-year dividend to 13.4p has been welcomed as the general outlook for high dividend yield plays diminishes, with both mining and banking shares actually cutting their dividend amount. Legal & General’s shares certainly have a long way to go to before reaching their all-time high of 296p, made in March 2015, but with these positive steps, they are certainly moving in the right direction.

Good luck,

Jordan Hiscott, Chief Trader

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