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

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Has the Saga share price finally turned the corner?

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Is the SAGA share price now the biggest buy of 2019?

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Saga shares: Does this recent news change the investment case for me?

Saga plc's (LON: SAGA) share price has taken a beating this month. But did you see this recent news?

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Saga’s share price just crashed spectacularly. This is what I’d do now

Saga plc's (LON: SAGA) share price just fell over 40%. What's the best move now?

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Investing Articles

Will the Saga share price ever make a successful comeback?

Saga plc (LON: SAGA) shares look cheap, but will they ever return to all-time highs? Rupert Hargreaves explores.

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Investing Articles

Can the Saga share price come back after a shock 35% crash?

Saga plc (LON: SAGA) has always had a loyal customer base, but could dwindling numbers spell harder times ahead?

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Investing Articles

Is Saga now a bargain, down 35% today?

One item in today’s full-year figures from Saga plc (LON: SAGA) is a game-changer for me.

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Investing Articles

This is what I’d do about the Saga share price right now

Roland Head explains why he thinks 7%-yielder Saga plc (LON:SAGA) could have big advantages over rivals.

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Investing Articles

Thinking of buying the AA or Saga share price? Read this first

G A Chester picks the bones out of the disappointing performances of AA plc (LON:AA) and Saga plc (LON:SAGA). And…

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Investing Articles

I would ditch the Saga share price and buy these FTSE 100 dividend stocks

The Saga plc (LON: SAGA) recovery is gaining traction, but these FTSE 100 (INDEXFTSE: UKX) companies are far more attractive,…

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