5 FTSE stocks set to pay their dividends in August

Summary 

• UK’s Q2 2021 dividend pay-outs have risen sharply, beating estimates due to the resumption of dividend disbursements after most companies had cancelled or paused dividends in Q1 2020
• Total Q2 2021 dividend pay-outs in the UK stood at £25.7 billion, up by 51.2 per cent, according to divided monitor Link Group.
• Banking major Barclays announced the resumption of its dividend pay-outs of 2.0 pence per share after announcing strong H1 2021 results today.

UK’s Q2 2021 dividend pay-outs rose sharply by 51.2 per cent to £25.7 billion, beating earlier estimates, according to divided data research firm Link Group.

The Q2 2021 forecasts were estimated at £24.3 billion, excluding special dividends. The boost in dividend pay-outs was primarily due to companies resuming dividend payments after either cancelling or pausing disbursements in Q2 2020 due to pandemic induced uncertainty. 

UK-based multinational bank Barclays (LON: BARC) announced its H1 2021 half-year dividend of 2.0 pence per share, buoyed by strong H1 2021 results. It reported its return on tangible equity rose by 16.4 per cent in H1 2021 due to the improving macro-economic situation. Barclay’s dividend payment date has been fixed for 17 September. The bank had made no dividend payments in H1 2020 due to the covid-19 crisis.

Let us take a closer look at 5 FTSE Listed stocks that are expected to disburse dividend in August:

1. JD Sports Fashion PLC (LON: JD)

FTSE 100 index listed firm JD Sports is a sports fashion retail company. JD announced it would disburse its final dividend for FY 2021 on 2 August.

The company announced its FY 2021 final dividend of 1.44 pence per share, up from 0.28 pence per share in FY 2020, due to increased profitability from the group’s operations overseas, especially from the United States.

Also Read: JD Sports cracks 2% as it agrees to sell Sports Unlimited Retail

2. MERCANTILE INVESTMENT TRUST (THE) PLC (LON: MRC)

FTSE 250 index listed firm Mercantile Investment is a UK-based investment trust which focuses on SMEs in the UK.

The company announced its Q1 interim dividend payment date for FY 2022 as of 2 August. Its Q1 2022 dividend has been fixed at 1.35 pence per share.

3. Aveva Group (LON: AVV)

Another FTSE 100 index listed firm Aveva Group is an IT and software services related company. Aveva is scheduled to make its FY 2021 final dividend payments on 4 August.

The company announced its FY 2021 final dividend of 23.5 pence per share, up by 1 per cent from its FY 2020 final dividend due to adjustment from the rights issue bonus factor.

Aveva’s preliminary FY 2021 revenues stood at £820.4 million, compared to £833.8 million in FY 2020, which included £17.4 million from recently acquired computing firm OSIsoft and £803.0 million from the company’s standalone business Aveva.

Also Read: 10 small-cap LSE stocks with a dividend yield of over 6%

4. Caledonia Investments (LON: CLDN)

FTSE 250 index listed firm Caledonia Investments is an investment holding company. Caledonia announced it would disburse its final dividend for FY 2021 on 5 August.

The company announced its FY 2021 final dividend of 45.9 pence per share, which brings its full year dividend to 62.9 pence per share. Comparatively, its FY 2020 full year dividend stood at 61.1 pence per share.

Caledonia reported its net asset value total returns in FY2021 stood at 25.9 per cent, up from a negative return of 8.1 per cent in FY 2020. The improvement was attributed to strong investment returns across its entire portfolio.

5. Burberry Group (LON: BRBY)

UK based fashion giant Burberry Group is a part of the FTSE 100 index. Burberry announced it would disburse its final dividend for FY 2021 on 6 August.

The company announced its FY 2021 full year dividend of 42.5 pence per share, which was back to its FY 2019 levels. Comparatively, its FY 2020 full year dividend stood at 11.3 pence per share.

Its FY 2021 revenues stood at £2.34 billion, up by 9 per cent in comparable retail sales.

In a recently released Q1 2022 trading update, the company reported its retail revenue was at £479 million, up 90 per cent from £257 million in Q1 2021.