LSE:SAGA (Saga plc)

About SAGA

Saga is a UK-based diversified business currently listed on the FTSE All-Share. It has operations within financial services, focusing on insurance and savings advice. Separately, it also has a travel arm offering cruise package holidays and other trips. Finally, it also makes money from paying subscribers to the Saga Magazine. This is published monthly, and including columnists such as Jeremy Paxman. The company focuses on the over 50s, with cross-selling opportunities between the products and services offered. For the past few years, the business has been profitable. Even during the difficult 2020, it managed to post an underlying profit before tax. This is in part due to the diversified nature of operations. It also benefits from the proportion of revenue being generated from the insurance arm.

Frequently Asked Questions

Saga went public back in 2014, with an IPO price of 1,850p. Based on the current price, the stock has moved lower from the float price in 2014. The main drop came during 2018 and 2019.

In 2019 and 2020, the company did pay out a dividend based on the previous years financial results. However, in April 2020 the decisions was taken to suspend dividend payments due to the impact of the pandemic. In a note on the financial report for 2021, “the Board does not expect to pay dividends until 2023 at the earliest, given the restrictions under current financing arrangements.” On the basis of that note, it’s highly unlikely that income will be paid out in the form of dividends this year.

Saga plc (LSE: SAGA) Latest News

Investing Articles

It’s time to buy Saga shares again!

Are Saga shares are cruising in the right direction? Harshil Patel looks at this established travel and insurance business.

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Investing Articles

I was right about the Saga share price in 2020. Here’s what I’d do now

The Saga share price has continued to increase in value over the past six months, and Rupert Hargreaves thinks it's…

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happy senior couple using a laptop in their living room to look at their financial budgets
Investing Articles

The Saga share price: here’s what I’m doing now

The Saga share price has doubled since November. Roland Head looks at the latest news from the firm and asks…

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Investing Articles

Will the Saga share price reach 500p in 2021?

Can the Saga share price reach 500p in 2021? Christopher Ruane shares his view.

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Investing Articles

Does the Saga share price make the company a bargain?

City analysts have pencilled in a three-figure-percentage rebound in earnings for the next trading year to January 2022. But should…

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Road sign warning of a risk ahead
Investing Articles

4 things I think investors should know about the Saga share price

The Saga share price has been hit hard, but does this mean it’s a bargain stock now? Nadia Yaqub investigates…

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Investing Articles

The Saga share price has surged 120% in 3 months! Should I buy the shares now?

Is the Saga share price about to make a comeback in 2021? Zaven Boyrazian looks at what went wrong, and…

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Investing Articles

The Saga share price is up 30%! Should I buy or sell?

After rising 30% in the past few weeks, I think the Saga share price still looks like a value investment…

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Question mark on post-it notes
Investing Articles

Will Cineworld and Saga shares recover in 2021?

Is the Cineworld or Saga share price most likely to rise in 2021? Roland Head concludes that only one of…

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Investing Articles

The Saga share price has jumped 100%! I’m still a buyer

Investors have been rushing to buy back in to the Saga share price. I think this could be just the…

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Investing Articles

The Saga share price has doubled. Should I still buy?

The Saga share price is bouncing back on hopes that Covid-19 vaccines will rescue the holiday industry. Roland Head explains…

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Investing Articles

Will the 300p Saga share price ever return to £8?

Investors have been rushing to buy the Saga share price. I think this could be just the start of a…

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