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The United Kingdom's FTSE 100 index has recently faced challenges, closing lower after weak trade data from China highlighted ongoing economic struggles. Despite these market headwinds, investors often turn to dividend stocks for their potential to provide steady income and resilience in turbulent times. In this article, we will explore three top UK dividend stocks for August 2024 that may offer stability and attractive returns amidst current global uncertainties.
Top 10 Dividend Stocks In The United Kingdom
| Name | Dividend Yield | Dividend Rating |
| 4imprint Group (LSE:FOUR) | 3.01% | ★★★★★☆ |
| Impax Asset Management Group (AIM:IPX) | 7.66% | ★★★★★☆ |
| Big Yellow Group (LSE:BYG) | 3.85% | ★★★★★☆ |
| Dunelm Group (LSE:DNLM) | 6.62% | ★★★★★☆ |
| Man Group (LSE:EMG) | 5.89% | ★★★★★☆ |
| Plus500 (LSE:PLUS) | 5.76% | ★★★★★☆ |
| Hargreaves Services (AIM:HSP) | 6.10% | ★★★★★☆ |
| NWF Group (AIM:NWF) | 4.91% | ★★★★★☆ |
| Grafton Group (LSE:GFTU) | 3.60% | ★★★★★☆ |
| James Latham (AIM:LTHM) | 5.68% | ★★★★★☆ |
Click here to see the full list of 57 stocks from our Top UK Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Alumasc Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: The Alumasc Group plc, with a market cap of £83.52 million, manufactures and sells building products, systems, and solutions across the United Kingdom and internationally.
Operations: The Alumasc Group plc's revenue segments include Water Management (£42.29 million), Building Envelope (£34.92 million), and Housebuilding Products (£14.79 million).
Dividend Yield: 4.5%
Alumasc Group's dividend payments have increased over the past decade, though they have been volatile. The company's payout ratio of 46.6% and cash payout ratio of 31.2% indicate dividends are well-covered by earnings and cash flows, respectively. Trading at 32.6% below estimated fair value, Alumasc offers good relative value despite a lower-than-top-tier dividend yield of 4.45%. Recent guidance anticipates revenue growth of 6.5%, outperforming the UK construction sector's decline.
Somero Enterprises
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment in the United States and internationally with a market cap of £184.29 million.
Operations: Somero Enterprises, Inc. generates $120.70 million in revenue from its construction machinery and equipment segment.