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 ?
The Company’s capital consisted of 5,955,353,619 Ordinary shares of 2.5p each, with voting rights.
5,955,353,619 x £0.1035 = £616,379,099.57
That is £616 Million
that is 5.5% yield.