3 Steady Eddie Dividend Stocks

A significantly overvalued equity may cut its dividend, and a dirt cheap stock with an attractive yield is simply a illusion of maths

Emma Wall 6 December, 2018 | 8:38AM

National Grid electricity article dividend paying stocks equity income

Looking for dividend payers unlikely to slash pay-outs? A significantly overvalued equity may cut its dividend should the share price revert to fair value, and a dirt cheap stock with an attractive yield is simply a illusion of maths. So we screened for UK stocks with a dividend yield of 3% or more and that is trading on our around fair value.

We also ensured Morningstar equity analysts felt the fair value estimate uncertainty rating was low – to minimise surprises. These are the three companies which made it past the filters.

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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
National Grid PLC836.40 GBX0.14
Unilever PLC4,735.00 GBX1.61
United Utilities Group PLC839.00 GBX-0.43

About Author

Emma Wall  is former Senior International Editor for Morningstar

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