Updated view on MFG

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Question asked 11/02/2022

Updated view on MFG

Thank you as usual for your service and advice. I was bruised by the MFG fall but am hanging in hoping to see at least some change to their fortunes to allow some recovery of investment. Am I being foolish in asking whether you believe it possible that MFG may offer some dividend in the next 12 months? Brian

Answer

Hi Brian,

I often say to the kids that the only foolish question is the one you don’t ask hence the answer to the first part of your question is no! It is going to take a fair bit of time for MFG to regain investors confidence however we do believe the share price around $18 is starting to assume the worst while we believe the company will pay some dividend over the next 12-months its highly unlikely to be around the levels expected a few months ago – good luck, we have a small position in our Income Portfolio so we’re in your corner.

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Magellan Financial Group (MFG)

LAST UPDATED 11/02/2022 17:20

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