Top 20 FTSE 350 Dividend Paying Stocks

UPDATED MAY 2019: As part of our series on income investing we reveal the top 20 paying stocks in the FTSE 350

Morningstar News Team 3 May, 2019 | 8:00AM

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Dividends from UK companies continue to trend higher, with record first-quarter pay-outs looking to have set the tone. Link Asset Services has predicted yet another bumper year for income seekers.

The growth in the first three months of this year came mainly from special dividends, with both miner BHP (BHP) and hotel owner Intercontinental Hotels (IHG) paying a combined special of £2 billion.

Special dividends are not something investors should generally expect to continue. But this year is likely to be different, Link's latest Dividend Monitor claims. Indeed, Rio Tinto (RIO) expects to may a special in the second quarter.

Collectively, UK stocks now yield 4.6%, which is down slightly from the 4.8% recorded in January but still extremely attractive value compared with the 30-year average yield of 3.5%.

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. A very high yield can sometimes be an indicator of a troubled firm – and could see pay-outs reduced or abandoned entirely. Investors are encouraged to do due diligence before plumping for a stock with double digit yield.

Plus500 Ltd (PLUS)
Yield: 28.98%
Industry: Capital Markets

Saga (SAGA
Yield: 15.29%
Industry: Insurance – Diversified

Yield: 14.99%
Industry: Steel

Intu Properties (INTU)
Yield: 13.97%
Industry: REIT – Retail

Kier Group Plc (KIE)
Yield: 13.36%
Industry: Engineering & Construction

Galliford Try (GFRD)
Yield: 12.97%
Industry: Residential Construction

Centrica (CNA)
Yield: 11.48%
Industry: Utilities

Persimmon (PSN)
Yield: 10.64%
Industry: Residential Construction

Stobart Group (STOB)
Yield: 10.07%
Industry: Trucking

Royal Mail (RMG)
Yield: 9.72%
Industry: Integrated Shipping

Vodafone Group (VOD)
Yield: 9.44%
Industry: Telecom Services

IG Group (IGG)
Yield: 9.01%
Industry: Capital Markets

NewRiver REIT (NRR)
Yield: 8.93%
Industry: REIT Retail

The Restaurant Group (RTN)
Yield: 8.68%
Industry: Restaurants

Crest Nicholson Holdings (CRST)
Yield: 8.51%
Industry: Residential Construction

Yield: 8.46%
Industry: Utilities

Hammerson (HMSO)
Yield: 8.22%
Industry: REIT Retail

Standard Life Aberdeen (SLA)
Yield: 8.06%
Industry: Insurance – Life

Imperial Brands (IMB)
Yield: 7.96%
Industry: Tobacco

William Hill (WMH)
Yield: 7.66%
Industry: Gambling

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 May 3, 2019.

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
Centrica PLC91.12 GBX-0.46
Crest Nicholson Holdings PLC354.20 GBX-1.56
EVRAZ PLC688.20 GBX-1.66
Galliford Try PLC641.00 GBX-1.23
Hammerson PLC283.40 GBX-0.77
IG Group Holdings PLC575.60 GBX-0.24
Imperial Brands PLC1,875.60 GBX-1.44
Intu Properties PLC85.18 GBX-0.98
Kier Group PLC131.00 GBX9.26
NewRiver REIT PLC192.40 GBX-0.72
Persimmon PLC1,925.00 GBX-1.00
Plus500 Ltd569.20 GBX-1.86
Restaurant Group (The) PLC123.40 GBX-1.28
Royal Mail PLC204.70 GBX-0.05
Saga PLC32.85 GBX-12.63
SSE PLC1,114.00 GBX-1.07
Standard Life Aberdeen PLC279.20 GBX0.79
Stobart Group Ltd107.40 GBX2.09
Vodafone Group PLC126.44 GBX-2.12
William Hill PLC140.80 GBX1.48

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