Income Stock Picks of the Top Equity Fund Managers

UK equity income funds tend to invest in the same stocks, meaning investors with more than one may be more exposed to certain companies than they expect

David Brenchley 27 October, 2017 | 3:12PM

The UK stock market is home to a number of high-yielding stocks. This means, in an age of lower for longer interest rates, funds in the UK equity income sector are becoming more and more in demand for investors looking to top up their income.

The FTSE 100’s 12-month forward yield is 3.8% according to the latest Capita Dividend Monitor. However, AJ Bell’s latest Dividend Dashboard showed there’s a stark concentration of dividends in the UK’s blue-chip index.

It found that 10 companies – a tenth of the index – will account for 58% - more than half – of all FTSE 100 dividend payments for 2017.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AstraZeneca PLC8,542.00 GBP0.00
Aviva PLC260.90 GBP0.00
BP PLC328.60 GBP0.00
GlaxoSmithKline PLC1,650.60 GBP0.00
HSBC Holdings PLC384.80 GBP0.00
Imperial Brands PLC1,486.50 GBP0.00
JOHCM UK Equity income B GBP Acc2.78 GBP2.29
Legal & General Group PLC214.50 GBP0.00
LF Woodford Equity Income C Sterling Acc15.17 GBP-1.60
Lloyds Banking Group PLC31.93 GBP0.00
Pearson PLC505.80 GBP0.00
Provident Financial PLC196.00 GBP0.00
Royal Dutch Shell PLC B1,285.00 GBP0.00
Safran SA93.52 EUR0.00
Schroder Income Acc73.03 GBP1.47
Threadneedle UK Eq Inc Rtl Inc GBP0.83 GBP0.99
Veritas Global Equity Income A GBP184.30 GBP0.16
Vodafone Group PLC134.98 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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