Legal & General is one of the largest insurance and investment companies in the UK. Owning over 5% of the UK stock market, and being an active investor, under the stewardship of Dr. Nigel Wilson, they are a giant in the investment and fund management sector.
[http://www.legalandgeneral.com]
This FTSE-100 Life and Property Insurer has 5,917,933,444 shares.
[http://investor.legalandgeneral.com/releasedetail.cfm?ReleaseID=851679]
On Wed 4th June 2014, it made a dividend payment that was 6.9p.
So with 5,917,933,444 shares each commanding a payment of 6.9p the cash leaving Legal & General PLC on Wed 4th June was:-
5,917,933,444 shares x £0.069 = £408,337,408 = £408 Million = £0.4 Billion.
The numbers are incredible to think that it was able to pay £0.069 per share, equating to over £400 million to shareholders, a reward for holding this share, that is a cornerstone and fundamental investor in the UK.