HRGLF - Is Hargreaves Lansdown's Dividend Yield Too Low For Income Investors?
Hargreaves Lansdown ([[HRGLF]], [[HRGLY]]) is a name we’ve all heard of. It’s the dominant leader of the investment platform market and it’s 40% market share is about four-times that of its largest competitor.
Despite its size, it’s still growing quickly with a ten-year dividend growth rate of almost 17% per year. That’s impressive, but perhaps more impressive is the company’s astronomical 70% average ten-year return on capital employed.
In fact, Hargreaves Lansdown is so profitable that the FCA have launched an investigation into the competitiveness of the investment platform market (although I guess those