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Summary
- Generally, companies in the consumer staple and utility industries offer higher dividend yields.
- It is also worth remembering that a high dividend yield could be high because of falling share price.
There has been growing interest in high dividend stocks. The dividend yield is a ratio, given as a percentage, that informs how much a company pays dividends annually compared to the price of its stock. Stable companies with a sound financial history, are more likely to pay better dividends. Generally, companies in the consumer staple ad utility industries offer higher dividend yields.
It is also worth remembering that stocks having higher dividend yields do not always become an attractive investment automatically.
High dividend yield could at times be high because of falling share price. So, an investor needs to be careful of stocks having high dividend yields, or they could otherwise be in distress. Here are five FTSE 100 companies that have over 5 per cent dividend yield.
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Polymetal International (LON:POLY)
The stock has a dividend yield of 5.76 per cent with a market capitalisation of £7,648.61 million. The shares of the company were trading down 2.09 per cent at GBX 1,581 on 29 June at 13:08 GMT+1.
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For the quarter ended March 31, 2021, the company’s revenue grew 20 per cent to $593 million compared to $494 million in the same period a year ago. Production of gold equivalent increased 3 per cent to 375 KoZ compared to 365 KoZ in the same period a year ago. The company for 2021 has put its production guidance for gold equivalent to be 1.5 Moz.
Rio Tinto (LON: RIO)
The stock has a dividend yield of 5.57 per cent with a market capitalisation of £74,890.50 million. The shares of the company were trading up 1.10 per cent at GBX 6,068 on 29 June at 13:08 GMT+1.
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For the full year of 2020, the company’s consolidated sales revenue was up 3 per cent at $44,611 million compared to $43,165 million a year ago. Underlying EBITDA was up 13 per cent at $23,902 million compared to $21,197 million.
SSE (LON: SSE)
The company’s stock has a dividend yield of 5.32 per cent with a market capitalisation of £15,886.83 million. The shares were trading up 0.07 per cent at GBX 1,524 on 29 June at 13:08 GMT+1.
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For the year ended 31 March, the company’s adjusted profit before tax increased 4 per cent to £1,064.9 million from £1,023.4 million. The impact of Covid on the operating profit has been estimated to be at £170 million. The company said it intended to recommend 56.6p per share worth of final dividend to be paid on 23 September 2021.
National Grid (LON:NG)
The stock has a dividend yield of 5.13 per cent and a market capitalisation of £32,905.15 million. The shares were down 0.36 per cent at GBX 922 on 29 June at 13:08 GMT+1.
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The company’s operating profit increased 4 per cent to £2,895 million for the year ended 31 March from £2,780 million a year ago. Profit before tax was up 19 per cent to £2,083 million from £1,754 million. The company plans to invest between £30-£35 billion in all its energy networks and related businesses, in the US and UK, in the next five-year till 2025-26.
BHP Group (LON:BHP)
The stock of the company has a dividend yield of 5.24 per cent and a market capitalisation of £45,283.16 million. The shares were up 1.36 per cent at GBX 2,163 on 29 June at 13:08 GMT+1.
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For the half year ended 31 December 2020, the company reported a 21 per cent increase in its underlying EBITDA to $14,680 million compared to $12,084 million in the same period a year ago. Net operating cash flow was up 26 per cent to $9,369 million from $7,442 million a year ago. The company said its outlook for commodity demand and global economic growth was positive.
