3 FTSE 100 Dividend Stocks to watch for- BHP, SSE and BATS

  • July 22, 2020 05:10 AM BST
  • Team Kalkine
3 FTSE 100 Dividend Stocks to watch for- BHP, SSE and BATS

Summary

  • The spread of Covid-19 and the measures adopted to contain it have had a significant impact on economic activity in the United Kingdom
  • It is expected that investors will eventually gain confidence and trust in the market
  • The leading resource company BHP Group Plc was having a dividend yield of 9.18 per cent.

The spread of the COVID-19 disease, and the measures adopted to contain it, have had a significant impact on economic activity in the United Kingdom. Market volatility has redirected the attention of the investors. However, this challenging time can prove to be a catalyst for growth and innovations in future. It is expected that investors will also eventually gain confidence and trust in the market. Though, there were many companies which withheld their dividend payment due to the pandemic to preserve cash.

Companies disperse a part of their profits as dividends while retaining the rest of the portion so that it can be reinvested in the business. Dividends are paid out to the shareholders of a company, which is decided by the Board of Directors in the Annual General Meeting. In this article, we will be discussing some of the FTSE 100 stocks having good dividend yield. The FTSE 100 Index is considered to be a global benchmark index of largest premium-listed companies on the London Stock Exchange. It is a market capitalisation weighted index of United Kingdom's listed blue-chip companies.

Let's take a look at some of the FTSE 100 stocks with a high dividend yield.

BHP Group PLC

It is a leading resource company, with its headquarters in Melbourne, Australia. Its primary 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 company has been in the news after over 200,000 Brazilians asked the British judges to allow them to sue the company over the collapse of the Fundao Dam five years ago, which had killed 19 people and caused severe environmental damage. As per the statutory reports, the company reported that as on 30 June 2019 its dividend per share was 235.00 ¢, dividend per share growth was 124.49 per cent, and dividend cover was 0.71. The dividend yield of the company was recorded as 9.18 per cent.

Stock Performance

BHP Group PLC (LON: BHP) stock was trading at GBX 1,725.20 on 22 July 2020, at 13:02 PM, down by 1.35 per cent from its previous close of GBX 1,751.00. The 52-week low/high price was GBX 939.80/1,997.40. It was having a market capitalisation (Mcap) of £36,982.38 million. The volume traded at the time of reporting was 1,781,163. The company recorded a negative return on price, which was 2.20 per cent on a YTD (Year to Date) basis.

SSE PLC

SSE is North Ireland's largest energy providing company, with its headquarters in Perth, United Kingdom. It aims to be a leading energy company in a low carbon world. It has been in the news recently for confirming to reduce its electricity prices by 5.1 per cent with effect from 1 August 2020. During though times of the Covid-19 pandemic also, it has been effectively supplying power to its customers. As per the statutory reports, the company reported as on 31 March 2019 that the dividend per share was 97.50 p, dividend per share growth was 1.35 per cent, and dividend cover was 1.39. The dividend yield of the company was recorded as 8.21 per cent.

Stock Performance

SSE PLC (LON: SSE) stock was trading at GBX 1,421.00 on 22 July 2020, at 13:06 PM, up by 0.28 per cent from its previous close of GBX 1,416.50. The 52-week low/high price was GBX 1,072.50/1,686.50. It was having a market capitalisation (Mcap) of £14,723.71 million. The volume traded at the time of reporting was 660,069. The company recorded a negative return on price, which was 2.75 per cent on a YTD (Year to Date) basis.

British American Tobacco Plc

The company was founded in 1902 with an objective to build a better tomorrow. Its products include cigarettes and potentially-reduced risk products. As per the statutory reports, the company reported that as on 31 March 2019, the dividend per share was 210.40 p, dividend per share growth was 5.11 per cent, and dividend cover was 1.19. The dividend yield of the company was recorded as 6.51 per cent.

British American Tobacco Plc (LON: BATS) stock was trading at GBX 2,693.50 on 22 July 2020, at 13:13 PM, down by 0.76 per cent from its previous close of GBX 2,714.50. The 52-week low/high price was GBX 2,382.00/3,507.00. It was having a market capitalisation (Mcap) of £62,276.70 million. The volume traded at the time of reporting was 883,169. The company recorded a negative return on price, which was 16.86 per cent on a YTD (Year to Date) basis.

 

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