Divi delight at Legal and General

The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's division to bump up the 2011 dividend by more than a third, well ahead of market expectations.

The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's division to bump up the 2011 dividend by more than a third, well ahead of market expectations.

The final dividend in respect of fiscal 2011 has been increased by a whopping 39% to 4.74p per share, meaning the full year dividend rises to 6.40p, up 35% on 2010's payment of 4.75p and well above the 5.94p the market had been expecting.

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