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Summary
- To diversify investment, shares paying dividends could be the best place for you to look at.
- An investor can also choose to reinvest the interim income received back into the investment to reap long-term benefits.
If you are looking to diversify your income, shares paying dividends could be the best place for you to look at. An investor can also choose to reinvest the interim income received back into the investment to reap long-term benefits.
But some investors, depending on their needs, opt to avail the periodic payments on investments. Regular dividends are cash payments received from mutual funds and stocks. In this article, we will talk about the FTSE shares that pay the highest dividends.
What are dividend stocks?
Listed companies that offer shareholders regular dividends are known as dividend stocks. Generally, well established companies with a clean history of distributing as part of their income to shareholders can be trusted while selecting dividend stocks.
Income investors invest mostly in dividend stocks as the ones with the highest yield offer give the best returns to shareholders.
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Here is a list of five FTSE stocks that have a high dividend yield and long history of dividend payment.
Imperial Brands Plc (LON: IMB)
The world’s fourth-largest tobacco company by market share has a dividend yield of 8.60 per cent. It was founded in 1901, and it owns well-known brands such as RizLa, Golden Virginia and JPS etc. Its portfolio also includes less harmful nicotine products like heated tobacco, oral nicotine, and vapour.
British American Tobacco Plc (LON: BATS)
The multinational tobacco company has a dividend yield of 7.50 per cent. It sells and produces tobacco products in more nations than any of its rivals. On the basis of net sales, it is globally the largest cigarette maker currently. The shares of the company are listed on four exchanges owing to its international operations.
M&G Plc (LON:MNG)
The global investment manager has a dividend yield of 7.49 per cent. The company is majorly into the business of fixed income, real estate, equities, and portfolio management. It has operations in Britain as well as outside. It is one of the largest fund managers in the UK and has been in the business for more than 80 years.
Polymetal International Plc (LON: POLY)
The Anglo-Russian mining company has a dividend yield of 5.88 per cent. Its headquarters is in Cyprus. Polymetal is a market leader in the precious metals sector. It is a global producer of both silver and gold. Worldwide, the company has nine mines and is continuously expanding its acquisitions portfolio.
Rio Tinto Plc (LON: RIO)
The second largest metals and mining company has a dividend yield of 5.84 per cent. It produces gold, iron ore, diamonds, copper, energy and minerals, and uranium. It is listed on both the London Stock Exchange (LSE) and the Australian Securities Exchange (ASX).
