Top 10 High Dividend Stocks in Financials Sector

This article will look at the Top 10 high Dividend Stocks In The Financial Sector. It will identify each of the companies on the list so you can find them for your further research and give a brief description of the company itself.

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 financial situation. Welcome to ask questions in the comments about how you can get more information on any of these.

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

Intermediate Capital Group plcIntermediate Capital Group plc

(Forward Annual Dividend Yield- 6.01%)

  •    Company name- Intermediate Capital Group plc
  •    Ticker symbol- ICP.L
  •    Price – £12.83
  •    Sector- Financial Services
  •    Industry-Asset Management

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Intermediate Capital Group plc is a  company specialising in ‘direct’ and ‘fund of fund’ investments. 

Within direct, it focuses on private debt, credit, and equity investments. 

The company invests in many projects within ‘direct’. The middle market, mature, and growth capital are a few examples.. 

Within the ‘fund of fund’, it specialises in secondary investments. It invests in all sectors that focus on insurance, healthcare, education, etc. 

In the UK, the company invests in commercial real estate assets and commercial property. Also, it invests in other companies in several European, Asian, and Oceanic countries.

Intermediate Capital Group plc began in 1989 and is based in London.

Investec GroupInvestec Group

(Forward Annual Dividend Yield- 6.02%)

  • Company name- Investec Group
  • Ticker symbol- INVP.L
  • Price – £4.04
  • Sector-Financial Services
  • Industry-Capital Markets

Investec Group offers a variety of financial products and services globally. 

This company offers wealth and investment products and services such as portfolio management, discretionary wealth management, and financial planning, 

It provides specialist banking products and services within private banking products like lending, savings, and foreign exchange.

Investec Group began in 1974 and is based in Sandton, South Africa.

Aviva plcAviva plc

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(Forward Annual Dividend Yield- 6.91%)

  •          Company name- Aviva plc
  •        Ticker symbol- AV.L
  •        Price – £4.43
  •        Sector- Financial Services
  • ·      Industry- Insurance-Diversified

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

It provides life insurance, long-term health, and accident insurance.

The company also offers insurance coverage for a wide range of businesses for risks associated with motor vehicles and medical expenses, as well as property and liability.

This company manages various retail investment products and markets its products through a chain of insurance brokers.

Aviva plc began in 1696 and is based in London, the United Kingdom.

Ninety One GroupNinety One Group

(Forward Annual Dividend Yield- 7.21%)

  • Company name- Ninety One Group
  • Ticker symbol- N91.L
  • Price – £2.01
  • Sector-Financial Services
  • Industry- Asset Management

Ninety One Group functions around the globe as an independent global asset manager.

The company has a large client base ranging from private and public sector pension funds to public and private equity as well as debt, private banks, and intermediaries. 

It aspires to invest in South African companies primarily facing difficulties with the economic regression due to the spread of coronavirus. 

This company began in 1991 and is based in Cape Town, South Africa.

Old Mutual Limited   Old Mutual Limited   

(Forward Annual Dividend Yield- 7.42%)

  • Company name- Old Mutual Limited
  • Ticker symbol- OMU.L
  • Price – £0.53
  • Sector-Financial Services
  • Industry- Insurance-Life

Old Mutual Limited offers financial services primarily in the African continent. 

The company operates through several segments like Foundation Cluster, Personal Finance, and Wealth Management.

This company provides risk products, including group risk and funeral covers.

Old Mutual Limited further provides other services, namely financial advice, investment, and income products.

It serves a spectrum of clients from low-income markets to high-net-worth individuals. 

The company began in 1845 and is based in Cape Town, South Africa.

Legal & General Group PlcLegal & General Group Plc

(Forward Annual Dividend Yield- 7.62%)

  • Company name- Legal & General Group Plc
  • Ticker symbol- LGEN.L
  • Price – £2.62
  • Sector- Financial Services
  • Industry- Asset Management

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

The Legal & General Retirement (LGR) segment offers longevity insurance products like lifetime mortgages and life care plans.

Its Legal & General Investment Management (LGIM) segment offers index fund management such as active fixed-income funds and liquidity funds.

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

Its Legal & General Insurance (LGI) segment offers protection products, namely, health and death benefits.

It is also involved in services such as building projects and real estate. The company began in 1836 and is based in London, United Kingdom.

Phoenix Group Holdings plcPhoenix Group Holdings plc

(Forward Annual Dividend Yield- 8.27%)

  •  Company name- Phoenix Group Holdings plc 
  •  Ticker symbol- PHNX.L
  •  Price – £6.14
  •  Sector- Financial Services
  •  Industry- Insurance-Life

Phoenix Group Holdings plc operates via four segments in Europe’s long-term savings and retirement business. 

The company provides some pensions and savings products to help people in various stages of savings. 

It offers and manages a variety of long-term savings and pension products as well as retirement solutions.

This company has a varied client base. 

With its strategic partnership with abrdn plc, TCS, and HSBC, Phoenix Group Holdings plc began in 1782 and is based in London, the United Kingdom.

M&G plcM&G plc

(Forward Annual Dividend Yield- 8.92%)

  •         Company name- M&G plc
  •         Ticker symbol- MNG.L
  •         Price – £2.04
  •         Sector- Financial Services
  •         Industry-Asset Management

M&G plc deals with savings and investment businesses globally while operating via two segments: Asset Management and Retail and Savings.

It offers services like retirement and savings solutions to its customers in retail and institutions.

The company also provides products such as individual and corporate pensions. 

This company serves several customers, namely, individual savers, investors, and financial advisers. 

M&G plc started in 1848 and is headquartered in London, the United Kingdom.

 

abrdn plcabrdn plc

(Forward Annual Dividend Yield- 9.63%)

  • Company name- abrdn plc
  • Ticker symbol- ABDN.L
  • Price – £1.51
  • Sector-Financial Services
  • Industry-Asset Management

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

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

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

It deals with real estate investments as well.

abrdn plc started in 1825 and is headquartered in Edinburgh, United Kingdom.

Direct Line Insurance Group plcDirect Line Insurance Group plc

(Forward Annual Dividend Yield- 10.96%)

  • Company name- Direct Line Insurance Group plc
  • Ticker symbol- DLG.L
  • Price – £2.12
  • Sector-Financial Services
  • Industry-Insurance- Diversified

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

The company operates via five segments.

 It offers several insurance products such as home and rescue for mid-to-high-net-worth customers.

For small and medium-sized enterprises, it provides commercial insurance.

The company further provides services like motor vehicle repair and breakdown recovery. 

This company sells its insurance products directly via price comparison Websites and phones. Additionally, they use partners and brokers under brands such as Darwin, Churchill, and Green Flags. 

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

High Dividend Stocks in Financials Sector

This was the list of the Top 10 high Dividend Stocks in the Financial Sector. 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 to help you decide if a dividend stock is right for you and videos that can give you more inspiration for other categories.

If you enjoyed this list, you may wish to check out the top 10 highest dividend stocks in the Consumer Defense sector.

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

Top Ten Highest Dividend Yield in the Consumer Defensive Sector

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