MIDAS SHARE TIPS: M&G, a Leading Savings Provider, Promises Long-Term Growth

Ambitious: M&G boss Andrea Rossi

When it comes to choosing which shares to buy, investors often seek a combination of growth and income. M&G stands out from the pack with its unique offering. Trading at £1.91 per share, M&G is forecasted to pay a dividend of 20.1p this year, resulting in a yield of 10.5%. Typically, such a high yield might raise concerns, but M&G is a major player in the FTSE 100 and valued at nearly £4.5 billion. CEO Andrea Rossi is committed to increasing the company’s dividend and driving profits growth, with brokers believing he can deliver on both fronts. With a rich history dating back to 1900, M&G is an experienced savings and investments business that aims to provide customers with attractive long-term returns.

Under Rossi’s leadership, M&G is focused on expanding its wealth division to cater to individual savers, while also leveraging its expertise in bonds, sustainable investments, and multi-asset products that are currently in high demand. The company also owns a life assurance and annuity subsidiary, which is set to reopen for new business. Brokers predict strong growth and increasing dividends under Rossi’s stewardship, making M&G an attractive investment opportunity.

Midas verdict:

With an impressive yield of over 10% and the potential for long-term growth, M&G shares present a compelling opportunity for investors. As a key player in the FTSE 100 index, M&G has the stability and expertise to deliver on its promises. It is recommended to buy and hold these shares.

Traded on:

Main market

Ticker:

MNG

Contact:

mandg.com or 020 7626 4588