Top 20 High Dividend Stocks In The UK Stock Market

This article will look at the Top 20 high Dividend Stocks In The UK Stock Market. It will identify each of the companies on the list so you can find them for your further research, give a brief description of the company itself and then a verdict on (whether the dividends are sustainable for the short and medium term or likely to be cut).

One thing to consider is that the list is in ascending dividend size order, not a rating by quality. The verdict is not necessarily a recommendation to buy for your portfolio, as you will likely have your own financial situation. Welcome to ask questions in the comments about how you can get more information on any of these.

Let’s not waste any time and get straight to what you are here for – the list of the  Top 20 high Dividend Stocks In The UK Stock Market.

Infographics taken from Simply Wall St – Sign up to premium here.

Legal & General Group Plc

Legal & General

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(Forward Annual Dividend Yield- 7.01%)

  •      Company name- Legal & General Group Plc
  •      Ticker symbol- LGEN.L
  •       Price – £2.67
  •      Sector- Financial Services
  •       Industry- Asset Management

Legal & General Group Plc has four segments offering insurance products and services globally.

The Legal & General Retirement (LGR) segment offers annuity contracts with guaranteed income for a specified time.

The Legal & General Investment Management (LGIM) segment offers index fund management.

The Legal & General Capital (LGC) segment provides investment strategy, implementation, and direct investment and structuring services.

The Legal & General Insurance (LGI) segment offers protection products.

It is also involved in building projects, real estate, business information consultancy, and technology services.

It was founded in 1836 and is headquartered in London, the United Kingdom.

ITV plc

ITV

(Forward Annual Dividend Yield- 7.06%)

  • Company name- ITV plc
  • Ticker symbol- ITV.L
  • Price – £0.72
  • Sector-Communications Services
  • Industry-Broadcasting

ITV PLC is a non-segregated producer broadcaster that creates, owns and distributes content on various platforms globally.

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Its Media & Entertainment segment broadcasts various content on its family of free-to-air channels, linear television broadcasting and ITV Hub while offering services for television advertising. It catches up on services on pay platforms and through direct content deals.

Its ITV Studios segment creates and produces international programs and formats for its channels and other broadcasters. The Company also engages in the development of platform, broadband, transactional, and mobile services.

ITV plc was founded in 1955 and is based in London, the United Kingdom.

Royal Mail plc

Royal Mail

(Forward Annual Dividend Yield- 7.13%)

  • Company name- Royal Mail plc
  • Ticker symbol- RMG.L
  • Price – £2.77
  • Sector-Industrials
  • Industry- Integrated Freight and Logistics

 Royal Mail plc (with subsidiaries) is a universal postal service provider.

It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

The Company also operates ground-based parcel delivery chains in Europe that cover 40 countries and nation-states. Additionally, it provides express parcel delivery and logistics services.

The Company also engages in property holdings activities and facilities management services. It serves a range of customers.

The Company was founded in 1516 and is based in London, the United Kingdom.

Ninety One Group

Ninety One Group

(Forward Annual Dividend Yield- 7.14%)

  • Company name- Ninety One Group
  • Ticker symbol- N91.L
  • Price – £2.06
  • Sector-Financial Services
  • Industry- Asset Management

Ninety One Group is an independent global asset manager operating worldwide.

It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, central banks, large retail financial groups, wealth managers, public and private equity, debt, private banks, and intermediaries.

The Company seeks to invest in South African companies that are economically struggling due to the Corona pandemic.

The Company was founded in 1991 and is headquartered in Cape Town, South Africa, with additional offices on several continents.

Taylor Wimpey plc

Taylor Wimpey

(Forward Annual Dividend Yield- 7.15%)

  • Company name- Taylor Wimpey plc
  • Ticker symbol- TW.L
  • Price – £1.27
  • Sector-Consumer Cyclical
  • Industry-Residential Construction

As a residential developer in the UK and Spain, Taylor Wimpey plc builds and delivers a variety of homes and communities, including apartments to six-bedroom houses.

Taylor Wimpey plc was founded in 1880 and is based in High Wycombe, the United Kingdom.

BlackRock World Mining Trust plc

BlackRock World Mining Trust

(Forward Annual Dividend Yield- 7.27%)

  • Company name- BlackRock World Mining Trust plc 
  • Ticker symbol- BRWM.L
  • Price – £5.92
  • Sector- Financial Services
  • Industry- Asset management

Launched by BlackRock Fund Managers Limited, BlackRock World Mining Trust plc is a closed-ended equity mutual fund that invests in public equity markets worldwide.

It also invests in stocks associated with the mining and metal sectors.

The fund gauges the performance of its portfolio against the Euromoney Global Mining Index.

It was initially known as Merrill Lynch World Mining Trust PLC. BlackRock World Mining Trust plc was established on December 15, 1993, and is based in the United Kingdom.

Aviva plc

Aviva

(Forward Annual Dividend Yield- 7.33%)

  •       Company name- Aviva plc
  •       Ticker symbol- AV.L
  •       Price – £4.03
  •       Sector- Financial Services
  •       Industry- Insurance-Diversified

Aviva plc provides various insurance, retirement, investment, and savings products globally.

It provides life insurance, long-term health and accident insurance, savings, pension, annuity products, pension fund business, and lifetime mortgage products.

It also offers insurance cover to individuals and small and medium-sized businesses for risks associated with motor vehicles and medical expenses, as well as property and liability.

The Company also manages various retail investment products.

It markets its products through a chain of insurance brokers.

Aviva plc was founded in 1696 and is headquartered in London, the United Kingdom.

 

Imperial Brands PLC

Imperial Brands

(Forward Annual Dividend Yield- 7.60%)

  •       Company name- Imperial Brands PLC
  •       Ticker symbol- IMB.L
  •       Price – £18.34
  •       Sector- Consumer Defensive
  •       Industry- Tobacco

Imperial Brands PLC, along with its subsidiaries, manufactures, imports, markets and sells tobacco and tobacco-related products on all continents.

It offers a variety of tobacco and next-generation products (NGP) and non-tobacco and NGP products to manufacturers.

It sells its products under some brands.

The Company is also involved in managing a golf course, distributing pharmaceuticals, POS software, published materials and other products; printing and publishing activities; long haul transportation, delivery services, advertising, and support management services.

It was founded in 1901 and is based in Bristol, the United Kingdom.

Phoenix Group Holdings plc

Phoenix Group

(Forward Annual Dividend Yield- 7.70%)

  •       Company name- Phoenix Group Holdings plc
  •       Ticker symbol- PHNX.L
  •       Price – £6.67
  •       Sector- Financial Services
  •       Industry- Insurance-Life

Phoenix Group Holdings plc operates in Europe’s long-term savings and retirement business through four segments: UK Heritage, UK Open, Europe, and Management Services.

The Company serves individuals, corporates, and employers and manages Heritage in-force life and pensions policies.

It offers and manages long-term savings and pensions products.

Its products include with-profits, unit-linked funds, annuities, workplace pensions, and individual savings and retirement solutions.

It maintains a strategic partnership with Abrdn plc, TCS, and HSBC.

Ashmore Group PLC

Ashmore Group

(Forward Annual Dividend Yield- 7.86%)

  • Company name- Ashmore Group PLC
  • Ticker symbol- ASHM.L
  • Price – £2.16
  • Sector- Financial Services
  • Industry- Asset management
  • Ashmore Group plc is an investment manager owned publicly.

The institution majorly provides retail and institutional clients with its services.

The firm launches and manages client-focused equity and fixed income portfolios and mutual funds.

It seeks emerging markets around the globe to invest in its public equity and fixed-income entities.

The firm uses a combination of fundamental analysis before making investments.

Ashmore Group Plc was founded in 1992 and is based in London, United Kingdom.

Centamin plc

Centamin

(Forward Annual Dividend Yield- 8.25%)

  • Company name- Centamin plc
  • Ticker symbol- Cey. L
  • Price – £0.91
  • Sector-Basic Materials
  • Industry- Gold

Centamin plc is involved in exploration, mining and developing precious metals (primarily gold deposits) in Egypt, Burkina, Faso, Côte d’Ivoire, Jersey, the United Kingdom, and Australia.

The Sukari Gold Mine project is a significant asset located in the East Desert of Egypt.

The Company was incorporated in 2011 and is headquartered in Saint Helier, Jersey.

M&G plc

M&G

(Forward Annual Dividend Yield- 8.58%)

  •       Company name- M&G plc
  •       Ticker symbol- MNG.L
  •       Price – £2.17
  •       Sector- Financial Services
  •       Industry-Asset Management

M&G plc, along with its subsidiaries, engages in savings and investment businesses globally while operating through two segments: Asset Management and Retail and Savings.

It offers retirement, savings, and investment management solutions to its customers in retail and institutions.

The Company also provides individual and corporate pensions, annuities, life, savings, and investment products. It serves individual savers and investors, financial advisers and paraplanners, and institutional investors.

The Company was initially known as M&G Prudential PLC and changed its name to M&G plc in September 2019. M&G plc was founded in 1848 and is headquartered in London, the United Kingdom.

Abrdn plc

Abrdn

(Forward Annual Dividend Yield- 8.89%)

  • Company name- Abrdn plc
  • Ticker symbol- ABDN.L
  • Price – £1.67
  • Sector-Financial Services
  • Industry-Asset Management

In the UK, Europe, North America and Asia, Abrdn plc provides services for asset management.

The Company provides various products through institutional, wholesale and retail distribution channels.

The products are mostly investment solutions and funds for individual and corporate customers.

It is also into real estate investments.

The Company was formerly known as Standard Life Aberdeen plc. Abrdn plc was founded in 1825 and is headquartered in Edinburgh, United Kingdom.

Antofagasta plc

Antofagasta

(Forward Annual Dividend Yield- 9.66%)

  • Company name- Antofagasta plc
  • Ticker symbol- ANTO.L
  • Price – £11.30
  • Sector-Basic Materials
  • Industry- Copper

Antofagasta plc is a mining company which operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The Company holds 50% and more interests in the mines mentioned above.

The mines produce copper cathodes and concentrate and many precious metal by-products. The Company also operates exploration projects in many countries.

Also, it provides rail and road cargo services to mining customers in Chile.

The Company was founded in 1888 and is headquartered in London, the United Kingdom.

It is a subsidiary of Metalloinvest Establishment.

Old Mutual Limited

Old Mutual

(Forward Annual Dividend Yield- 9.96%)

  • Company name- Old Mutual Limited
  • Ticker symbol- OMU.L
  • Price – £0.55
  • Sector-Financial Services
  • Industry- Insurance-Life

Old Mutual Limited and its subsidiaries provide financial services in South Africa and the rest of Africa.

The Company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Rest of Africa.

It offers a variety of products such as health and property.

It also provides financial advice, investment, asset management services, annuities, and consulting services to employee-sponsored retirement and benefit funds. It serves clients ranging from low-income to high-income backgrounds.

The Company was founded in 1845 and is based in Cape Town, South Africa.

Diversified Energy Company PLC

Diversified Energy Company

(Forward Annual Dividend Yield- 10.52%)

  • Company name- Diversified Energy Company PLC
  • Ticker symbol- DEC.L
  • Price – £1.27
  • Sector- Energy
  • Industry- Oil & Gas E&P

Diversified Energy Company PLC operates natural gas and oil wells in the US Appalachian Basin.

The corporation is active in the production, marketing, and transportation of natural gas, natural gas liquids and crude oil.

Its holdings include 67,000 conventional and unconventional natural gas, natural gas liquids, and oil-producing wells, as well as 17,000 miles of natural gas collection pipelines across all USA.

In May 2021, the firm changed its name from Diversified Gas & Oil PLC to Diversified Energy Company PLC.Diversified Energy Company PLC was started in 2001, and its main office is in Birmingham, Alabama.

Rio Tinto Group

Rio Tinto Group

(Forward Annual Dividend Yield- 10.73%)

  • Company name- Rio Tinto Group
  • Ticker symbol- RIO.L
  • Price – £48.30
  • Sector-Basic Materials
  • Industry-Other industrial metals and mining

Rio Tinto Group focuses on exploring, mining and processing mineral resources worldwide and offers aluminium, copper, diamonds and other resources.

It owns and operates facilities such as open pit and underground mines, mills, refineries and smelters.

The Group was founded in 1873 and is headquartered in London, the United Kingdom.

Direct Line Insurance Group plc

Direct Line Insurance Group

(Forward Annual Dividend Yield- 11.02%)

  • Company name- Direct Line Insurance Group plc
  • Ticker symbol- DLG.L
  • Price – £2.04
  • Sector-Financial Services
  • Industry-Insurance- Diversified

Direct Line Insurance Group plc offers general insurance products and services in the UK.

It offers Motor, Home, Rescue and Other Personal Lines and Commercial products to mid-to-high-net worth customers and small and medium-sized enterprises.

The Company also provides management, motor vehicle repair, insurance intermediary, support and operational, legal, and breakdown recovery services.

Its products are sold via price comparison Websites and phones, as well as through partners and brokers working as subsidiaries.

Direct Line Insurance Group plc was founded in 1985 and is based in Bromley, the United Kingdom.

BHP Group Limited

BHP Group Limited

(Forward Annual Dividend Yield- 11.42%)

  •       Company name- BHP Group Limited
  •       Ticker symbol- BHP.L
  •       Price – £22.05
  •       Sector-Basic Materials
  •       Industry- Other industrial metals and mining

 BHP Group Limited primarily operates as a global resources company in Australia, Europe, China, and elsewhere.

 It operates within four segments: Petroleum, Copper, Iron Ore, and Coal.

The Company engages in the exploration, development, and production of oil and gas properties; and the mining of copper, silver, uranium, gold, iron ore and other key and minor resources.

In addition, the Company provides other services such as towing, freight, and marketing. The Company was founded in 1851 and is headquartered in Melbourne, Australia.

Persimmon Plc

Persimmon Plc

(Forward Annual Dividend Yield- 12.34%)

  •       Company name- Persimmon Plc
  •       Ticker symbol- PSN.L
  •       Price – £18.71
  •       Sector- Consumer Cyclical
  •       Industry- Residential Construction

Persimmon Plc and its subsidiaries function as housebuilders in the United Kingdom.

Under the Persimmon Homes brand name, the Company provides family housing, executive housing under the Charles Church brand name, and social housing under the Westbury Partnerships brand name.

 It further provides broadband services.

Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.lc

High Dividend Stocks In The UK Stock Market

This was the list of the Top 20 high Dividend Stocks In The UK Stock Market. This was made to give you some inspiration for companies in this grouping that you can now do your due diligence on. Just looking for a high yield is not enough for it to be a candidate for your portfolio but can be a great starting point that you can start to narrow down your watchlist.

We have lots of resources that can help you decide if a dividend stock is right for you and videos that can give you more inspiration for other categories.

If you were interested in high dividend stocks in the UK stock market then you may be interested in the best investment trusts for income.

Best Investment Trusts for Income

Infographics taken from Simply Wall St – Sign up to premium here.

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