Why these dividend stocks are worth exploring?

Amidst the skyrocketing inflationary pressures, the cost-of-living crisis has been escalating in the UK. To protest against the alleged inaction of the Government, thousands of Brits are all set to get down on the streets for conducting rallies and events around it. 50 rallies are expected to be held across the UK by a campaign group Enough is Enough.

The trade union-led group announced the rallies on the same day when a latest forecast claimed that energy bills in the UK may potentially reach around £5,300 per year by April 2023, surging by over £3,000 in the space of one year.

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Next week, Enough is Enough is expected to hold its launch event, which would be conducted by the heads of several trade unions who are at present engaged in clashes with the UK government. Since the launch of the campaign, it has got about 300,000 sign-ups and over six million views on its video.

The group will be holding protests across the nation to pressurize the government to fulfil its demands. Its demands include a real rise in wages with an aim to take minimum wages to £15 per hour, cancellation of the energy price cap hike by Ofgem ahead of the rough winter months, start of universal free school meals and restoration of the £20-a-week Universal Credit uplift, putting an upper limit on rents and construction of 100,000 council houses per year, and lastly taxing the rich people.

Also, the campaign has claimed that action would be taken against the businesses which are making profits by exploiting the ongoing crisis. Amid the economic turmoil and rising bills, UK investors can protect and grow their savings by investing in dividend stocks, which would provide them with a passive income source. Here are 3 dividend paying stocks suggested by Kalkine Media® which may be added to your portfolio.

Diversified Energy Company plc (LON: DEC)

Diversified Energy Company plc's shares rallied 0.46% at 1:36 PM (GMT+1) and were trading at GBX 131.60 on 12 August. The FTSE 250 firm holds at market cap of £1,114.76m currently and it has given positive returns to its investors on annual and YTD (year-to-date) basis on Friday, which stand at 26.00% and 22.48%, respectively. It is presently offering an annual dividend yield of 11.1% but its EPS (earning per share) lies in the negative zone, at -0.03. The RSI (Rselative Strength Index) value of DEC stood at 76.68.

M&G plc (LON: MNG)

The shares of the globally operating investment management firm, M&G plc, plunged by 0.99% at 1:41 PM (GMT+1) on Friday. MNG stock which has a market cap of £5,622.54 million was trading at GBX 220.00. The M&G has given positive returns of 10.28% to its investors on YTD basis as of 12 August, but it’s one year return is negative, at -4.47%. 

Imperial Brands plc (LON: IMB)

Imperial Brands plc's shares surged by 0.85% at 1:49 PM (GMT+1) and were trading at GBX 1,896.00 on 12 August. The FTSE 100 firm holds at market cap of £17,867.67m currently and it has given positive returns to its investors on annual and YTD basis on Friday, which stand at 18.60% and 16.96%, respectively. It is presently offering an annual dividend yield of 7.5% and its EPS lies in the positive zone, at 3.00.