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Hargreaves Services And Two More Top UK Dividend Stocks

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As the FTSE 100 appears poised to break its three-month winning streak amidst a backdrop of regulatory scrutiny and political uncertainty, investors are navigating a complex landscape in the United Kingdom's financial markets. In such times, identifying stocks with robust dividend yields can offer a semblance of stability and potential for steady income, making them an attractive consideration for those looking to mitigate broader market volatility.

Top 10 Dividend Stocks In The United Kingdom

Name

Dividend Yield

Dividend Rating

Record (LSE:REC)

8.15%

★★★★★★

Keller Group (LSE:KLR)

3.60%

★★★★★☆

Impax Asset Management Group (AIM:IPX)

7.23%

★★★★★☆

Dunelm Group (LSE:DNLM)

7.24%

★★★★★☆

Plus500 (LSE:PLUS)

5.86%

★★★★★☆

Grafton Group (LSE:GFTU)

3.83%

★★★★★☆

Rio Tinto Group (LSE:RIO)

6.45%

★★★★★☆

Big Yellow Group (LSE:BYG)

3.86%

★★★★★☆

NWF Group (AIM:NWF)

4.38%

★★★★★☆

Hargreaves Services (AIM:HSP)

6.70%

★★★★★☆

Click here to see the full list of 57 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Hargreaves Services

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Hargreaves Services Plc, operating in the United Kingdom, Southeast Asia, and South Africa, offers environmental and industrial services with a market capitalization of approximately £176.17 million.

Operations: Hargreaves Services Plc generates £205.29 million from environmental and industrial services and £2.58 million from its Hargreaves Land division.

Dividend Yield: 6.7%

Hargreaves Services exhibits a mixed dividend profile. While the stock maintains a reasonable payout ratio of 61.8% and cash payout ratio of 53.8%, ensuring dividends are covered by earnings and cash flows, its dividend history has shown volatility over the past decade. Despite this, dividends have grown during this period. The company's profit margins have declined from last year's 18.2% to 6.2%. Additionally, it trades at a P/E ratio of 13.9x, below the UK market average of 16.3x.

AIM:HSP Dividend History as at Jun 2024
AIM:HSP Dividend History as at Jun 2024

Mincon Group

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Mincon Group plc specializes in designing, manufacturing, selling, and servicing rock drilling tools and associated products across regions including Ireland, the Americas, Australasia, Europe, the Middle East, and Africa with a market capitalization of £94.55 million.

Operations: Mincon Group plc generates €156.93 million from the sale of drilling equipment.