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  • May 11, 2020 12:35 PM AEST
  • Team Kalkine

Summary

  • Companies with a good history of paying dividends are components of an income portfolio usually targeted by long term investors
  • A market downturn event like the current pandemic outbreak presents an opportunity to buy and accumulate dividend stocks for a good yield
  • Income investors go for dividend stocks for a steady source of income
Gold MTF non-AMP

Dividend stocks have always been in demand for income investors for a steady source of income, here we are going to discuss 10 FTSE stocks with a dividend yield of more than 6 per cent.

Top ten dividend-yielding stocks

  1. Vodafone Group Plc- (LON:VOD) – Vodafone Group Plc is a British multinational telecommunications company. The company principally operates in Europe, Asia, Africa, and Oceana. The company has a history of consistently paying dividends to its shareholders and has a strong business model which seems to have been affected to a lesser extent by the coronavirus pandemic compared to other LSE listed companies. The company has declared a final dividend payment of 4.5 euro cents per share to be paid on 7 August 2020.

The dividend yield of the company is 6.56 per cent.

  1. Legal & General Group Plc (LON: LGEN) – The company is a London based multinational financial services company providing services like investment management, pensions, annuity, and life assurance.

Legal and General Group Plc has been a consistent dividend payer, and its latest revenue performance also indicates that it has a strong bottom line and a robust business model to support its dividend paying trend. The company paid its last dividend of GBX 12.64 on 23 April 2020.

The dividend yield of the company is 8.11 per cent.

  1. Phoenix Group Holdings– (LON: PHNX) - Phoenix Group Holdings is one of the largest insurance services providing company in the United Kingdom. The group comprises of four regulated companies namely Phoenix life, Phoenix Ireland, AXA Wealth and Abbey Life. The company has a resilient capital position and despite of the deteriorating economic condition in the country, it did not avail of any government financial assistance or put any of its employees under Furlough, with each receiving their salaries in full during the period. Despite the difficult business environment the company expects a cash generation of £800 million to £900 million.

The company underpinning on its strong business model has been a consistent dividend payer. The company paid its latest dividend of GBX 23.4 on 19 May 2020, as final dividend for 2019.

The annual dividend yield of the company is 7.11 per cent.

  1. BHP Group Plc - (LON: BHP) is one of the world-renowned resource company. The company is engaged in the operations of extraction and processing of minerals, gas, and oil. The company is having an employee base of 62,000, including contractors, mainly in the Americas and Australia.

The latest dividend paid by the company was on 24 March 2020 of 0.65 US cents. The dividend paid by the company in the past one year is GBX 82.

The annual dividend yield of the company is 6.60 per cent.

  1. SSE Plc (LON: SSE) is an integrated energy utility group, with investments and operations across Ireland and UK, comprising regulated electricity networks and renewable sources of energy.

The latest dividend to be paid by the company will be on 18 September 2020.

The annual dividend yield of the company is 10.02 per cent.

  1. British American Tobacco Plc – (LON: BATS) It is based out of London and is one of the leading, multi-category consumer goods companies in the world with core business focus around tobacco. The company has operations in around 180 countries and is the owner of famous cigarette brands including Kent, Lucky Strike, Dunhill, Rothmans, and Pall Mall. The company has been a very resilient company and its bottom lines have not been impacted very badly by the coronavirus pandemic. The Company made an announcement on 27 February 2020, that its Board had declared an interim dividend of 210.4 pence per ordinary share of 25 pence, payable in four equal quarterly instalments of 52.6 pence per ordinary share in May 2020, August 2020, November 2020 and in February 2021.

The annual dividend yield of the company is 7.5 per cent.

  1. Standard Life Aberdeen PLC- (LON: SLA) The company headquartered in Scotland employs over 6,000 people in more than 50 locations across the globe. As of 31 December 2019, the company was having AUMA (Asset Under Management and Administration) of £544.6 billion. The company is involved in the business of providing active asset management to institutional, strategic insurance clients, as well as wholesale clients. The company’s latest paid dividend was of 14.30 pence on 19 May 2020 for the year 2019 (Final).

The dividend yield of the company is 8.30 per cent.

  1. Man Group Plc (LON: EMG)- The company is an active investment management firm. Its primary focus is on delivering smart performance and client portfolio solutions, employing the latest technology across its business to help the company remain ahead of the others in the ever-growing industry. The company offers a broad range of product and services targeted towards the customers need. The company’s latest paid dividend was of 4.209 pence on 15 May 2020 for the year 2019 (Final).

The dividend yield of the company is 6.30 per cent.

  1. BioPharma Credit PLC (LON: BPCR) - It provides investors an avenue to gain exposure to the fast growing life sciences industry, through a diversified portfolio of loans and other instruments backed by royalties or other cash flows, which are obtained from the sales of approved life sciences products. The company’s chief aim is to generate predictable income for shareholders over the long term. The company has recently reported that as per a notice of repayment it is expected to receive on or before 4 August 2020, around $156.2 million. The amount includes $150 million in principal, $1.2 million in accrued interest and $5.0 million in make-whole amount and prepayment fees.

The company’s latest paid dividend was of 1.417 pence on 19 June 2020 period ending 31 March 2020 (Interim).

The dividend yield of the company is 6.90 per cent.

  1. M&G Plc- (LON: MNG) – M&G Plc is a British investment management company which manages a wide variety of assets in UK and abroad including fixed income, real estate as well as equities.

The company has long and consistent history of paying dividends and in 2020 also it has paid a better rate of dividend despite the underlying economic situation in the country. In the year 2020 the company has paid a dividend of GBX 15.77 on 29 May 2020.

The dividend yield for the company is 7.32 per cent

 


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