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A Dividend is a type of reward given to the shareholders. It is given out of surplus profit and decided by the Board of Directors in the Annual General Meeting after the approved of the shareholders.
There are various types of dividend such as equity dividend which is given to the equity shareholders, preference dividend which is given to preference shareholders, interim dividend which is given before the company releases its financial statements and final dividend which is given at the end of the financial year after the company releases its financial statements.
For an investor’s point of view, a dividend is important because it fosters growth and expansion of profits, it is helpful in the evaluation of equity, it also helps in mitigating losses, and most importantly it offers tax advantages as well.
Let's look at five among the best companies of FTSE 100, which have provided good dividend yield to its investors and holds a good prospect for the future as well:
BHP Group PLC- It is a leading resource company, with its headquarters in Melbourne, Australia. Its primary business motive is to bring people and resource together to build a better world. It extracts and processes minerals, oil and gas and also produces commodities such as iron ore, metallurgical coal and copper.
The dividend yield of the company as on 31st March 2019 was 9.18 per cent, while the dividend per share stood at $2.35 in the previous year and dividend cover was USD 0.71 million.
BHP Group PLC (LON:BHP) on 19th June 2020, last traded at GBX 1,626.80, up by 0.31 per cent from its previous close. The YTD return was -9.42 per cent. The company's 52 weeks high/low range was reported at GBX 939.80 / 2,049.00. It was having a market Cap of GBP 34,253.58 million. The volume traded for the day was 4,686,001.
SSE PLC - SSE is North Ireland's largest energy providing company, with its headquarters in Perth, United Kingdom. Its aim is to be a leading energy company in a planet with low carbon. It has been in the news recently for confirming to reduce its electricity prices by 5.1% with effect from 1st August 2020. During though times of Covid-19 also, it has been effectively supplying power to its customers. It reported total revenue of GBP 7,131.60 million in 2019.
The dividend yield of the company as on 31st March 2019 was 8.21 per cent. The dividend per share was 97.50p in the previous year, dividend per share growth was 1.35 per cent, and dividend cover was GBP 1.39 million.
SSE PLC (LON:SSE) on 19th June 2020, last traded at GBX 1,387.50, down by 0.07 per cent from its previous close. The YTD return was -4,74 per cent. The company's 52 weeks high/low range was reported at GBX 1,072.50 / 1,686.50. It was having a market Cap of GBP 14,432.18 million. The volume traded for the day stood at 7,647,293.
BioPharma Credit PLC- It is a closed-ended financing company with an objective to provide long-term shareholders returns. The company is having its headquarters in the UK and was It was incorporated in 2016. It reported a total revenue of USD 150.89 million for the year ending on 31st December 2019.
The dividend yield of the company as on 31st December 2019 was 8.12 per cent. The dividend per share was $8.28, dividend per share growth was -56.00 per cent, and dividend cover was USD 1.07 million.
BioPharma Credit PLC (LON:BPCR) on 19th June 2020, last traded at USD 0.99, up by 1.02 per cent from its previous close. The YTD return was -2.94 per cent. The company's 52 weeks high/low range was reported at USD 0.86 / 1.07. It was having a market Cap of GBP 1,084.36 million. The volume traded for the day was 1,280,784.
British American Tobacco Plc- The company was founded in 1902 with main objective to build a better tomorrow. Its products include cigarettes and potentially-reduced risk products. It reported total revenue of GBP 25,877.00 million in 2019.
The dividend yield of the company as on 31st December 2019 was 6.51 per cent. The dividend per share was 210.40p, dividend per share growth was 5.11 per cent, and dividend cover ratio was 1.19.
British American Tobacco (LON:BATS) on 19th June 2020, last traded at GBP 3,170.50, up by 1.12 per cent from its previous close. The company's 52 weeks high/low range was reported at GBP 2,382.00 / 3,507.00. The YTD return was -2.89 per cent. It was having a market Cap of GBP 68,826.35 million. The volume for the day stood at 7,016,751.
Phoenix Group Holdings Plc- It is a company from the insurance sector, which was founded in 1782. It is Europe’s leading professional consolidator of traditional life assurance funds. They have a total of 10 million policyholders and operates in the UK, Ireland and Germany.
The dividend yield of the company as on 31st December 2019 was 6.25 per cent. The dividend per share was 46.80p, and dividend cover was GBP 01.68 million.
Phoenix Group Holdings Plc (LON:PHNX) on 19th June 2020, last traded at GBP 640.60, down by 0.34 per cent from its previous close. The company's 52 weeks high/low range was reported at GBP 467.45 / 803.00. The YTD return was -15,14 per cent. It was having a market Cap of GBP 4,637.98 million. The volume traded for the day stood at 5,110,455.
