Old Mutual (JSE: OMU)

13.52 and up over 2%. Bit of momentum today.

13.52 and climbing. Nice to see.

@trpine_patient what's your view on load-shedding hitting their asset management fees though?

@dividend_mum_ayesha exactly, steady beats exciting every time.

A dividend is just Old Mutual handing part of its profit to whoever owns the shares, like pocket money for holding them. Last payout was a few cents per share, and they usually pay twice a year, so if you own 1,000 shares you'd get paid that amount times 1,000.

Been holding OMU for a while now, life insurance and asset management are steady businesses if you're patient. The dividend yield, that's the annual payout as a percentage of what you paid, has been decent enough to make the waiting worthwhile.

Been holding OMU for a while now, mostly for the dividend yield, which is the amount they pay you back each year as a percentage of what you paid for the share. Life insurance and asset management aren't sexy but they're steady money-makers when interest rates aren't in freefall.

Life insurance and asset management are boring on purpose, mate. You're not buying OMU for fireworks, you're buying it because it makes steady cash and pays you to wait. At 13.25 I'm comfortable just holding.

When Old Mutual makes money from selling insurance and managing people's investments, they share some of that profit with anyone who owns their shares, that's a dividend. It's like getting paid just for holding the share, usually a few times a year.

OMU's been under pressure because life insurance payouts have been rough, and asset management fees aren't what they were when markets were flying. The dividend's still okay but ngl the growth side feels flat.

R13.30, holding it nicely.

@dividend_mum_ayesha yeah, needed this move

@dividend_mum_ayesha what's driving it though, dividend news or just short covering?

13.27 now, that's lekker to see.

13.27 and green. nice move omu.

R13.27, that's lekker. Up 2% today.

When I started, I didn't know you could buy just one share, so I thought I needed thousands. On EasyEquities or FNB you can start with R500, the fee will be around R10 to R15, and the money lands in your account in a day or two. If you're planning to hold longer than a few years, open a tax-free savings account first, because you won't pay tax on your gains.

A dividend is basically when the company makes profit and decides to hand some of it back to whoever owns the shares, rather than keeping it all. Old Mutual's done that for years, so if you own shares and they pay one, you get paid just for holding.

You don't need a lot to start with OMU. Open an account on EasyEquities or your bank's app, put in whatever you can afford, and a "buy" order just means you're telling them to grab you some shares at that price, like ordering groceries. The fee is usually a small percentage so it barely bites on smaller amounts.

12.93 now, down hard today.