Top FTSE Dividend Paying Stocks

UPDATED November 2020: GlaxoSmithKline remains on top as forecast yield moves towards 6%

James Gard 9 November, 2020 | 8:00AM

Pounds

The return of lockdown in the UK will give income investors some anxiety, not least because in the first shutdown companies cut and deferred billions of pounds of payouts. The latest Link Dividend Monitor predicts the damage for this year to be £40 billion of lost income. But many companies are in a better position than they were in March to pay dividends, and some have already started to resume or increase income payments, among them Tesco (TSCO) and J Sainsbury (SBRY). Caution remains key though as the outlook for 2021 remains hazy for the economy, consumers and companies. Stock market volatility has returned in recent weeks, fuelled by the US Presidential election and the second wave of coronavirus cases in Europe.

The latest Link Dividend Monitor forecasts a £70 billion payout for income investors in 2021 under a best-case scenario – the 2019 level was above £100 billion – but under a worst-case scenario, dividend income could drop back to the £60 billion level last seen in 2012 and 2013.

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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
BAE Systems PLC504.20 GBX-1.25
Bunzl PLC2,316.00 GBX-1.19
ConvaTec Group PLC206.40 GBX1.38
Diageo PLC2,933.00 GBX0.15
Experian PLC2,585.00 GBX-1.64
GlaxoSmithKline PLC1,383.60 GBX-0.46
Intertek Group PLC5,502.00 GBX-0.33
Johnson Matthey PLC2,249.00 GBX0.85
London Stock Exchange Group PLC7,920.00 GBX0.92
Pearson PLC650.00 GBX-0.76
Reckitt Benckiser Group PLC6,516.00 GBX-1.30
RELX PLC1,742.00 GBX0.11
Rolls-Royce Holdings PLC107.65 GBX-0.60
Smith & Nephew PLC1,452.50 GBX2.58
Unilever PLC4,586.00 GBX0.09
WPP PLC749.40 GBX0.94

About Author

James Gard  is content editor for Morningstar.co.uk

 

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