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Highlights
- The headline figure of UK dividends slumped by 21.5%, dropping to US$14.7 billion in the first quarter of 2022, as per the Global Dividend Index.
- This happened after bumper special dividends by firms like BHP and Tesco boosted the dividend figures to $18.8bn in 2021.
- Despite the current slump in the UK, there has been an 11% hike in the global pay-outs, which have hit US$302.5bn.
Amid a slowdown in special payouts, dividend payments in the UK have slumped recently. According to the Global Dividend Index released by the asset management firm Janus Henderson, a decline of 21.5% has been witnessed in the headline figure of UK dividends, which dropped to US$14.7 billion in the first quarter of 2022. This happened after bumper special dividends by firms like BHP and Tesco boosted the dividend figures to US$18.8 billion in 2021.
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Significant contributions were made towards the growth of dividend payments last year with firms like AstraZeneca increasing its dividend for the first time in a decade and telecom operator BT restoring its dividend pay-outs after a break of two years.
Despite the current slump in the UK, there has been an 11% hike in the global pay-outs, which have hit US$302.5 billion. As per analysts, the oil and mining sectors have contributed significantly towards 2022’s good start.
The UK economy is currently going through a slowdown in general. Inflation levels and interest rates are hitting the roof, consumer confidence is rapidly falling, and the rising geopolitical tensions have worsened the situation, pushing the economy towards a recession. Amid this ongoing turmoil, UK investors may keep an eye on dividend stocks as they provide them with a stream of passive income and stable returns during times of market volatility.
Here are 3 UK dividend stocks that investors can explore.
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Diversified Energy Company plc (LON: DEC)
The shares of the independent oil and gas production business, Diversified Energy Company plc, were down by 0.08% at around 4:30 PM (GMT+1) on 26 May 2022, at GBX 123.60. The company, which is a constituent of the FTSE 250 index, has provided its shareholders with a return of 10.71% over the past one year as of 26 May 2022. The company’s market cap stands at £1,052.13 million as of 26 May 2022 and it is currently offering a dividend yield of 10.6% a year.
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Imperial Brands plc (LON: IMB)
The shares of the UK-based tobacco business, Imperial Brands plc, were down by 2.15% at around 4:30 PM (GMT+1) on 26 May 2022, at GBX 1,802.00. The company, which is a constituent of the FTSE 100 index, has provided its shareholders with a return of 8.61% over the past one year as of 26 May 2022. The company’s market cap stands at £17,428.11 million as of 26 May 2022 and it is currently offering a dividend yield of 7.6% a year.
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Anglo American plc (LON: AAL)
The shares of the UK-based mining firm, Anglo American plc, were up by 0.32% at around 4:30 PM (GMT+1) on 26 May 2022, at GBX 3,716.50. The company, which is a constituent of the FTSE 100 index, has provided its shareholders with a return of 20.58% over the past one year as of 26 May 2022. The company’s market cap stands at £49,550.57 million as of 26 May 2022 and it is currently offering a dividend yield of 6.2% a year.