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Top 20 FTSE 350 Dividend Paying Stocks

UPDATED JUNE 2017: Dividend payments are expected to total £85bn in 2017. We reveal the top 20 dividend paying stocks in the FTSE 350

Emma Wall 2 June, 2017 | 12:54PM

 

2017 started strongly for income investors; with dividends rising 9.5% to pay-out £15.4 billion to shareholders of UK companies in the first three months of the year.

The headline figures are impressive, but growth was rather narrowly based. It depended heavily on large exchange rate gains, according to the latest Capita Dividend Monitor. Brexit may be bad news for the economy but it has delivered an unexpected boon to income paying stocks. Thanks to Brexit bad news sterling has fallen significantly – which means good things for the large number of UK companies which pay out in US dollars.

As a result, the FTSE 100 – which is a more global index – saw the greatest rise in pay-outs versus the FTSE 250. Capita forecasts that dividend pay-outs should rise 7.7% for 2017 as a whole, totalling £84.6 billion for the year.

As part of our series The Income Investor we reveal the top 20 paying stocks in the FTSE 350. Premium users can click on the company name for exclusive analyst research. 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.

Petrofac (PFC)*
Yield: 13.6%
Industry: Oil & Gas Equipment and Services

TalkTalk Telecom (TALK)
Yield: 9.1%
Industry: Telecom Services

Carillion (CLLN)
Yield: 8.9%
Industry: Engineering & Construction

Centamin (CEY)*
Yield: 7.3%
Industry: Gold

Pearson (PSON)
Yield: 7.3%
Industry: Publishing

Laird (LRD)*
Yield: 7.2%
Industry: Communication Equipment

Galliford Try (GFRD)*
Yield: 7.1%
Industry: Residential Construction

Royal Dutch Shell (RDSB)
Yield: 6.8%
Industry: Oil & Gas Integrated

Aberdeen Asset Management (ADN)
Yield: 6.7%
Industry: Asset Management

BP (BP.)
Yield: 6.7%
Industry: Oil & Gas Integrated

Phoenix Group (PHNX)
Yield: 6.1%
Industry: Insurance Life

Vedanta Resources (VED)*
Yield: 6%
Industry: Industrial Metals & Mining

SSE (SSE)
Yield: 6%
Industry: Utilities

NEX Group (NXG)
Yield: 6%
Industry: Capital Markets

Centrica (CNA)*
Yield: 6%
Industry: Utilities

Berkeley Group (BKG)*
Yield: 5.8%
Industry: Residential Construction

Cobham (COB)
Yield: 5.7%
Industry: Aerospace & Defense

Legal & General Group (LGEN)
Yield: 5.6%
Industry: Insurance – Life

NewRiver REIT (NRR)
Yield: 5.6%
Industry: REIT Retail

IG Group (IGG)
Yield: 5.5%
Industry: Capital Markets

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 June 2, 2017.

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.

About Author Emma Wall

Emma Wall  is Senior Editor for Morningstar.co.uk