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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    Investing Articles

    Here’s why Saga’s share price has crashed today

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    Saga's share price has taken a massive hit recently. Is this a buying opportunity? Edward Sheldon takes a look.

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    Will the Saga share price hit 400p in 2022?

    Rupert Hargreaves explains why he thinks the Saga share price could continue to push higher in 2022 as earnings recover…

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    Saga’s share price has tanked. Is this a buying opportunity?

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    Here’s my verdict on the Saga share price

    Jabran Khan gives his verdict on the Saga share price and decides whether he would buy or avoid shares for…

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    Will the Saga share price recover in 2021?

    The Saga share price recovery continues with its latest earnings report. Zaven Boyrazian takes a look at the progress being…

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    Is the Saga share price still undervalued?

    Rupert Hargreaves explains why he thinks the Saga share price could rise in value as market sentiment towards the company…

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    The Saga share price continues to slide. Should I buy now?

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    Why I’m planning to buy Saga shares

    This Fool's been tracking Saga shares for the past year. He thinks now could be the perfect time to buy…

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