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Summary
- Dividend investing remains a common strategy for those seeking long-term stable returns.
- A few FTSE 250 stocks such as Hammerson, diversified gas & oil, and others in focus with dividend yields of over 6%.
The United Kingdom reported a 2.9 per cent GDP contraction in January. As the nation is aiming to make an economic recovery, dividend investing remains a common investment strategy for those seeking a long-term and stable returns.
Let us take a closer look at the 10 FTSE 250 stocks with high dividend yields in 2021:
- Hammerson (LON:HMSO)
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UK-based real estate and investment major Hammerson (LON:HMSO) reported losses for FY 2020 last week. The company reported its FY 2020 net rental income fell by 49 per cent to £157.6 million from the year before.
The company’s market cap stood at £1.4 billion, while its dividend yield was at 11.46 per cent. The REIT company’s (LON:HMSO) shares last traded at GBX 36.80, up by 5.41 per cent as of 15 March. The FTSE 250 index stood at 21,522.35, up by 0.07 per cent.
Also read: 2 FTSE 100 REIT Stocks in Focus as Hammerson’s FY 2020 Losses Double
- Diversified Gas and Oil (LON:DGOC)
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LSE-listed oil and gas company Diversified Gas and Oil (LON:DGOC) announced its FY 2020 results on 8 March, with record production levels of 100,000 barrels per day, about 18 per cent higher volume than the previous year. The company posted a net loss of US $23 million in FY 2020, compared to a net income of US $99 million in FY 2019
The company’s market cap stood at £833.5 million, while its dividend yield was 9.30 per cent. Diversified Gas and Oil’s (LON:DGOC) shares closed at GBX 114.60, down by 2.72 per cent on 15 March, while the fossil fuel producer industry index stood at 5,443.68 , down by 2.16 per cent.
- Centamin (LON:CEY)
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Gold mining company Centamin (LON:CEY) primarily operates in the Arabian-Nubian Shield area. The yellow metal prices have seen a consistent rise in the last some time as it is a safe asset.
The company’s market cap was at £1.1 billion while its dividend yield was at 8.37 per cent. Centamin’s (LON:CEY) stock prices closed at GBX 103.65, up by 0.68 per cent as of 15 March, while the UK Metals sector index stood at 5,864.76, down by 1.34 per cent.
- Plus500 (LON:PLUS)
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FTSE 250 listed financial services company Plus500 (LON:PLUS) announced plans to establish a research and development centre in Tel Aviv on 4 March. The move is part of the company’s new expansion strategy and its plans to boost R&D capabilities.
The company’s market cap was at £1.34 billion, and its dividend yield was at 8.17 per cent. Plus500’s (LON:PLUS) shares closed at GBX 1,323.50, up by 0.76 per cent as of 15 March, while the UK financials sector index stood at 11,776.18, down by 0.90 per cent.
- GCP Infrastructure Investments (LON:GCP)
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British investment trust firm GCP Infrastructure Investments (LON:GCP) is a close ended investment company which primarily invests in infrastructure. The company rebased its annual dividend pay-out to 7 pence per share for FY 2021, while its FY 2020 ending in 30 September 2020 stood at 7.6 pence per share.
The company’s market cap was at £872 million, and its dividend yield was at 7.52 per cent. GCP’s (LON:GCP) shares closed at GBX 99.80, up by 0.71 per cent as of 15 March, while the UK financials sector stood at 11,776.18, down by 0.90 per cent.
- Direct Line Insurance Group (LON:DLG)
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British insurance major Direct Line Insurance Group (LON:DLG) announced its FY 2020 preliminary results on 8 March, with its profit after tax falling by 12.6 per cent to £ 367.2 million, while its profit before tax declined by 11.4 per cent to £451.4 million due to the pandemic.
The company’s market cap was at £4.3 billion, and its dividend yield was at 7.01 per cent. Direct Line’s (LON:DLG) shares closed at GBX 311.00, down by 1.33 per cent as of 15 March, while the FTSE 250 stood at 21,524.21, up by 0.082 per cent for the same period.
- Next Energy Solar Fund (LON:NESF)
UK-based clean energy investment fund Next Energy Solar Fund (LON:NESF) reported an 8.1 per cent increase in electricity generation above budget on a year-to-date basis. The company also announced a second interim dividend of 1.7625 pence per ordinary share for the year ending 31 March 2021, compared to 1.7175 pence per share the year before.
The company’s market cap was £589.16 million, and its dividend yield was at 6.98 per cent. NESF shares closed at GBX 100.00, down by 0.40 per cent on 15 March 2021.
- Foresight Solar Fund (LON:FSFL)
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Foresight Solar Fund (LON:FSFL) is a closed ended investment fund which primarily invests in solar PV assets in the UK and Australia. It reported FY 2020 results on 9 March where its gross asset value fell to £1.05 billion from £1.07 billion in the previous year due to lower long term power price forecasts in the UK and Australia.
The company’s market cap was at £613.94 million, and its dividend yield was at 6.84 per cent. FSFL shares stood at GBX 101.50, up by 0.50 per cent for the same period.
- Jupiter Fund Management (LON:JUP)
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UK-based fund Jupiter Fund Management (LON:JUP) reported record assets of £58.7 billion despite facing £4 billion in net outflows. The company also reported its FY 2020 total dividends at 20.1 pence per share.
The company’s market cap was at £1.5 billion, and its dividend yield was at 6.25 per cent. JUP shares stood at GBX 270.60, down by 1.10 per cent at market close on 15 March 2021.
- Jlen Envinromental Assets Group (LON:JLEN)
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The company is a renewable energy focused investment fund in the UK. It announced the acquisition of Gigabox South Road Ltd on 3 March to build a battery storage plant in Scotland. It aims to invest up to £21.2 million over a period of 12-15 months, with commercial operations expected to start in March 2022.
The company’s market cap was at £612.35 million, and its dividend yield was at 6.01 per cent. JLEN shares stood at GBX 111.85, down by 0.13 per cent as of 15 March 2021.
