On Thursday 8th June, Legal and General PLC paid out 10.35p to shareholders.
What was the cost of the dividend to Legal and General PLC ?
http://ir.euroinvestor.com/Tools/newsArticleHTML.aspx?solutionID=3066&customerKey=legalandgeneralgroup&storyID=13617595&language=en
The Company’s capital consisted of 5,955,353,619 Ordinary shares of 2.5p each, with voting rights.
Thus:-
5,955,353,619 x £0.1035 = £616,379,099.57
That is £616 Million
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10055&action=
that is 5.5% yield.
Delicious.