Top 20 FTSE 350 Dividend Paying Stocks

UPDATED AUGUST 2018: Three-quarters of stock sectors saw dividend growth in Q2, and income investors are set for another record year in 2018

Emma Wall 24 August, 2018 | 10:08AM

Shareholders of UK companies saw dividend pay-outs surge in the second quarter to the end of June, up 7.1% to a record £30.7 billion. Mining stocks and currency helped boost total shareholder income, although the headline dividend rate dropped dramatically due to fewer special dividends this year.

According to the latest Dividend Monitor from Link Asset Services, dividends rose 7.1% in the three months to the end of June, meaning full year predictions were upgraded to £97.8 billion for 2018, a new record.

Mining stocks including Glencore (GLEN), Rio Tinto (RIO), Anglo American (AAL) drove dividends up sharply, together with Mondi paying out nearly £2 billion than the same period in 2017.

Insurers also added to the haul with Aviva (AV.) raising its pay-out by almost a fifth and announcing a share buyback scheme to the tune of £2 billion in order to reduce surplus cash on the books.

Justin Cooper, of Link Asset Services said: “UK plc’s profitability is on a firmer footing, and though there are still points of weakness, overall, profits now comfortably cover dividends.

“The miners really stand out, boosted by the recovery in commodity prices after several years of pain for companies in the sector. The miners might be digging deepest, but the rest of UK plc is coming up with the dividend goods too. Three-quarters of sectors saw growth on the back of improving profits, and income investors are set for another record year in 2018.”

As part of our series The Income Investor we reveal the top 20 paying stocks in the FTSE 350. Morningstar Premium users can click on the company name for exclusive analyst research where available. All readers can click on the stock's ticker for share price and valuation information.

Please be aware this calculation is based on trailing 12-month yield – and is not reflective of a company’s ability to continue to pay a dividend. Companies with an asterisk next to their name are new entries to the list.

EVRAZ (EVR)
Yield: 12.75%
Industry: Steel

Plus500 Ltd (PLUS)*
Yield: 11.19%
Industry: Capital Markets

Persimmon (PSN)
Yield: 9.44%
Industry: Residential Construction

Intu Properties (INTU)
Yield: 8.75%
Industry: REIT – Retail

Centamin (CEY)
Yield: 8.68%
Industry: Gold

Centrica (CNA)
Yield: 8.35%
Industry: Utilities

Crest Nicholson Holdings (CRST)*
Yield: 8.3%
Industry: Residential Construction

Galliford Try (GFRD)
Yield: 8.3%
Industry: Residential Construction

Marston’s Plc (MARS)
Yield: 8.1%
Industry: Restaurants

NewRiver REIT (NRR)
Yield: 8.01%
Industry: REIT Retail

RDI REIT (RDI)*
Yield: 7.79%
Industry: REIT – Diversified

Vodafone Group (VOD)
Yield: 7.58%
Industry: Telecom Services

Stobart Group (STOB)
Yield: 7.56%
Industry: Trucking

SSE (SSE)
Yield: 7.56%
Industry: Utilities

Kier Group Plc (KIE)
Yield: 7.21%
Industry: Engineering & Construction

BT Group (BT.A)
Yield: 6.84%
Industry: Telecom Services

Greene King (GNK)
Yield: 6.84%
Industry: Restaurants

Dixons Carphone (DC.)*
Yield: 6.72%
Industry: Specialty Retail

Standard Life Aberdeen (SLA)
Yield: 6.71%
Industry: Insurance – Life

The original version of this article was published in September 2013. The data has changed significantly since then and has been updated accordingly, most recently on August 24, 2018.

Source: Morningstar Direct

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Anglo American PLC1,702.80 GBX1.14
Aviva PLC414.80 GBX0.29
BT Group PLC255.00 GBX0.04
Centamin PLC101.90 GBX3.75-
Centrica PLC145.25 GBX0.83
Crest Nicholson Holdings PLC339.20 GBX-1.45-
Dixons Carphone PLC161.55 GBX0.50-
EVRAZ PLC551.20 GBX0.77-
Galliford Try PLC828.00 GBX-2.01-
Glencore PLC297.50 GBX-0.12
Greene King PLC496.10 GBX1.02-
Intu Properties PLC188.00 GBX1.38-
Kier Group PLC856.00 GBX3.76-
Marston's PLC101.00 GBX0.50-
NewRiver REIT PLC231.00 GBX-0.43-
Persimmon PLC2,128.00 GBX-2.34-
Plus500 Ltd1,280.00 GBX0.23-
RDI REIT PLC34.65 GBX0.43-
Rio Tinto PLC3,910.00 GBX2.88
SSE PLC1,118.00 GBX-0.97
Standard Life Aberdeen PLC259.30 GBX-1.71-
Stobart Group Ltd192.20 GBX-0.93-
Vodafone Group PLC153.40 GBX-1.29

About Author

Emma Wall

Emma Wall  is Senior International Editor for Morningstar