×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: barrons | dividend | ftse 100 | phoenix group | shares

Barron's: British Insurer Phoenix Has Strong Dividend, Safety From Brexit

Barron's: British Insurer Phoenix Has Strong Dividend, Safety From Brexit
(Elnur/Dreamstime)

Monday, 18 March 2019 07:56 AM EDT

Shares of U.K. insurer Phoenix Group Holdings are appealing for several reasons including their pending inclusion in a key British stock index and a stable, hefty dividend, according to Barron’s.

Starting on Monday, Phoenix Group will be included in the FTSE 100 index which means fund managers that track that index will need to buy the stock.

The company also is expected to pay a bigger dividend than its life-insurance industry peers, according to Barron’s.

The article cited a Barclays report that said it expects Phoenix’s dividend yield to total 7.5 percent this year, above 7 percent for Legal & General Group and 6.7 percent for Dutch life insurer Aegon.

Phoenix Group shares are up 24 percent so far in 2019. 

© 2024 Thomson/Reuters. All rights reserved.


InvestingAnalysis
Shares of U.K. insurer Phoenix Group Holdings are appealing for several reasons including their pending inclusion in a key British stock index and a stable, hefty dividend, according to Barron’s.
barrons, dividend, ftse 100, phoenix group, shares
121
2019-56-18
Monday, 18 March 2019 07:56 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved