Legal & General (LON: LGEN) is a powerhouse in pensions, asset management, and insurance, making it a favourite for income investors. With a strong balance sheet and a generous dividend yield, it aims to provide steady returns in a defensive sector.
For investors seeking reliable long-term growth, buying Legal & General shares could be a solid choice, although exposure to market downturns and regulatory changes are factors to consider. L&G is a staple FTSE 100 stock, but be wary of chasing high dividend yields.
How to buy shares in Legal & General
Open a brokerage account.Choose from our top broker picks or compare brokers in depth. Then, sign up on your chosen platform.
Fund your account.Add money to your account via bank transfer or debit card.
Search the platform by ticker symbol.LGEN in this case.
Choose an order type.Place a market order (or limit order, if you want to try to hold out for a specific price) with your preferred number of shares or investment amount.
Submit the order.It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.
Our top picks for where to buy Legal & General shares
We analysed all popular share dealing platforms in the UK using 35 data points and combined this with our expert insight from using the apps. The platforms we've selected as best for each category offer stand-out features or a unique combination of elements for a specific aspect of investing. If we show a "Promoted for" pick, it's been chosen from among our partners and is based on factors that include special features or offers, and the commission we receive. Keep in mind that our picks may not always be the best for you – it's important to compare for yourself. More details in our full methodology.
To make comparing even easier we came up with the Finder Score. Costs, features, ease and range of investments across 30+ platforms are all weighted and scaled to produce a score out of 10. The higher the score the better the platform – simple.
These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Forward annual dividend yield: 8.7% of stock value
Dividend payout ratio: 2.26% of net profits
Legal & General has recently paid out dividends equivalent to 8.71% of its share value annually.
Legal & General has paid out, on average, around 2.26% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.7% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 8.7% return on their shares, in the form of dividend payments. In Legal & General's case, that would currently equate to about 21.5 per share.
While Legal & General's payout ratio might seem low, this can signify that the company is investing more in its future growth.
Legal & General's dividend yield is perhaps best considered in relation to those of similar companies.
It's as easy to sell Legal & General as it is to buy! Here's how to sell Legal & General shares that you already own.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your Legal & General shares. Your investment platform will let you know when your shares are sold
Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some Legal & General shares is to sign up for a share trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Legal & General shares.
George is a deputy editor at Finder. He has previously written for The Motley Fool UK, Nasdaq, Freetrade, Investing in the Web, MoneyMagpie, Online Mortgage Advisor, Wealth, and Compare Forex Brokers.
He's focused on making personal finance and investing engaging for everyone. To do this he draws from previous work and his Level 4 Diploma for Financial Advisers (DipFA), sharing what he’s learnt. When he’s not geeking out about money, you’ll find him playing sports and staying active.
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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