Top 20 FTSE 350 Dividend Paying Stocks

UPDATED FEBRUARY 2019: As part of our series The Income Investor we reveal the top 20 paying stocks in the FTSE 350

Emma Wall 14 February, 2019 | 8:00AM

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Shareholders of UK companies saw a record dividend pay-out of £99.8 billion in 2018, the Link Asset Services latest Dividend Monitor shows, up 5.1% from 2017. Underlying dividends, which exclude special pay-outs, grew at a faster rate at 8.7% to £95.9 billion

The mining sector grew its dividends fastest, at year-on-year growth of two-thirds, while British American Tobacco (BATS) made the single biggest contribution to growth, paying out £900 million more than in 2017.

The average yield of 4.8% on UK shares is the highest figure seen since March 2009, the low point of the global financial crisis. This compares to a 30-year average yield of 3.5%. But much of this inflation is not the impact of companies increasing pay-outs, rather the impact of depressed stock market valuations as the domestic market is hit by Brexit uncertainty.

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.

Yield: 15.43%
Industry: Steel

Plus500 Ltd (PLUS)
Yield: 14.98%
Industry: Capital Markets

Kier Group Plc (KIE)
Yield: 13.56%
Industry: Engineering & Construction

Intu Properties (INTU)
Yield: 12.06%
Industry: REIT – Retail

Galliford Try (GFRD)
Yield: 10.3%
Industry: Residential Construction

Standard Life Aberdeen (SLA)
Yield: 9.97%
Industry: Insurance – Life

NewRiver REIT (NRR)
Yield: 9.84%
Industry: REIT Retail

Persimmon (PSN)
Yield: 9.81%
Industry: Residential Construction

Vodafone Group (VOD)
Yield: 9.54%
Industry: Telecom Services

Royal Mail (RMG)
Yield: 8.94%
Industry: Integrated Shipping

The Restaurant Group (RTN)
Yield: 8.92%
Industry: Restaurants

Crest Nicholson Holdings (CRST)
Yield: 8.84%
Industry: Residential Construction

Centrica (CNA)
Yield: 8.97%
Industry: Utilities

Playtech (PTEC)*
Yield: 8.39%
Industry: Gambling

Saga (SAGA)
Yield: 8.06%
Industry: Insurance – Diversified

Yield: 8.02%
Industry: Utilities

IG Group (IGG)
Yield: 7.87%
Industry: Capital Markets

Marston’s Plc (MARS)
Yield: 7.82%
Industry: Restaurants

Centamin (CEY)
Yield: 7.64%
Industry: Gold

Dixons Carphone (DC.)
Yield: 7.56%
Industry: Specialty Retail

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 February 14, 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
Anglo American PLC2,102.00 GBX-2.91
Centamin PLC88.36 GBX10.67
Centrica PLC105.65 GBX-1.72
Crest Nicholson Holdings PLC395.20 GBX-0.05
Dixons Carphone PLC146.17 GBX-0.16
EVRAZ PLC659.80 GBX-0.03
Galliford Try PLC544.50 GBX0.37
Intu Properties PLC95.66 GBX-1.54
Kier Group PLC343.66 GBX-1.70
Marston's PLC100.60 GBX0.10
Persimmon PLC2,317.00 GBX-0.43
Playtech PLC436.90 GBX0.65
SSE PLC1,126.50 GBX-0.22
Standard Life Aberdeen PLC278.75 GBX-0.38
Vodafone Group PLC140.40 GBX-0.86

About Author

Emma Wall

Emma Wall  is Senior International Editor for Morningstar

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