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As of May 2024, the UK market is closely monitoring key economic indicators such as inflation and public finance figures, reflecting a cautious optimism among investors. Amidst this backdrop, focusing on dividend stocks could be a prudent strategy for those looking to navigate the complexities of the current financial climate.
Top 10 Dividend Stocks In The United Kingdom
| Name | Dividend Yield | Dividend Rating |
| Record (LSE:REC) | 7.72% | ★★★★★★ |
| Keller Group (LSE:KLR) | 3.39% | ★★★★★☆ |
| Dunelm Group (LSE:DNLM) | 7.34% | ★★★★★☆ |
| DCC (LSE:DCC) | 3.37% | ★★★★★☆ |
| Plus500 (LSE:PLUS) | 5.78% | ★★★★★☆ |
| Big Yellow Group (LSE:BYG) | 3.68% | ★★★★★☆ |
| Grafton Group (LSE:GFTU) | 3.65% | ★★★★★☆ |
| Rio Tinto Group (LSE:RIO) | 5.70% | ★★★★★☆ |
| NWF Group (AIM:NWF) | 3.77% | ★★★★★☆ |
| Hargreaves Services (AIM:HSP) | 6.64% | ★★★★★☆ |
Click here to see the full list of 53 stocks from our Top Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
M&G Credit Income Investment Trust
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: M&G Credit Income Investment Trust plc focuses on investing in a diverse portfolio of public and private debt instruments, with a market capitalization of approximately £134.72 million.
Operations: M&G Credit Income Investment Trust plc generates its revenue primarily through investments in closed-end funds, totaling £15.36 million.
Dividend Yield: 8.3%
M&G Credit Income Investment Trust recently announced a dividend increase to £0.0215 per share, effective May 24, 2024. This adjustment reflects a positive shift in the company's financial health, as evidenced by its transition from a net loss in 2023 to reporting net income of £13.31 million at year-end. Despite this improvement and a reasonable payout ratio of 84.8%, the trust's dividend history remains relatively unstable with significant fluctuations over its brief five-year dividend-paying period. Furthermore, while the dividends are well-covered by both earnings and cash flow (57.1% cash payout ratio), the overall record shows volatility that might concern conservative dividend investors seeking stability.
Paragon Banking Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Paragon Banking Group PLC operates in the United Kingdom, offering a range of financial products and services, with a market capitalization of approximately £1.58 billion.
Operations: Paragon Banking Group PLC generates its revenue primarily through mortgage lending and commercial lending, with contributions of £272.80 million and £139.60 million respectively.