Phoenix Group (PHNX) Tempts Investors with Over 10% Dividend Yield
Phoenix Group Holdings PLC (PHNX) offers an attractive dividend yield of over 10.29%, significantly higher than the industry average of 1.336%. Despite this, analysts maintain a cautious outlook with a Hold rating due to limited share price appreciation potential. The company, part of the FTSE 100 index, has a strong cash flow supporting its consistent dividend payments, with a total cash generation of £2.02 billion in FY23. The consensus rating for PHNX stock is Moderate Buy, with a price target of 546.51p, indicating a potential upside of 9.25%.
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