Top 3 UK Dividend Stocks For November 2024

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As the FTSE 100 index experiences turbulence due to weak trade data from China, investors in the United Kingdom are increasingly focused on finding stability through dividend stocks. In such uncertain market conditions, companies with a strong track record of consistent dividend payouts can offer a measure of reliability and income potential for investors looking to navigate these choppy economic waters.

Top 10 Dividend Stocks In The United Kingdom

Name

Dividend Yield

Dividend Rating

James Latham (AIM:LTHM)

6.23%

★★★★★★

Impax Asset Management Group (AIM:IPX)

8.05%

★★★★★☆

OSB Group (LSE:OSB)

8.87%

★★★★★☆

Burberry Group (LSE:BRBY)

7.01%

★★★★★☆

Plus500 (LSE:PLUS)

6.37%

★★★★★☆

Man Group (LSE:EMG)

6.30%

★★★★★☆

Big Yellow Group (LSE:BYG)

3.80%

★★★★★☆

Dunelm Group (LSE:DNLM)

7.09%

★★★★★☆

DCC (LSE:DCC)

4.00%

★★★★★☆

Grafton Group (LSE:GFTU)

3.70%

★★★★★☆

Click here to see the full list of 58 stocks from our Top UK Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Associated British Foods

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Associated British Foods plc is a diversified company engaged in food, ingredients, and retail operations globally, with a market cap of £16.89 billion.

Operations: Associated British Foods plc generates revenue from several segments, including Retail (£9.45 billion), Grocery (£4.24 billion), Sugar (£2.53 billion), Ingredients (£2.13 billion), and Agriculture (£1.65 billion).

Dividend Yield: 3.9%

Associated British Foods has announced a final dividend of 42.3 pence per share and a special dividend of 27.0 pence per share, both payable on January 10, 2025. Despite an unstable dividend track record over the past decade, the company's dividends are well covered by earnings and cash flows with payout ratios of 32.5% and 39.2%, respectively. Recent earnings growth supports these payments, though its yield remains below top UK payers at 3.92%.

LSE:ABF Dividend History as at Nov 2024
LSE:ABF Dividend History as at Nov 2024

Morgan Advanced Materials

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Morgan Advanced Materials plc is a materials science and application engineering company based in the United Kingdom with a market cap of approximately £717.10 million.

Operations: Morgan Advanced Materials plc generates its revenue from the Carbon & Technical Ceramics Division - Technical Ceramics segment, which accounts for £320.90 million.

Dividend Yield: 4.8%

Morgan Advanced Materials' dividend payments have been volatile over the past decade, with a payout ratio of 49.8% covered by earnings and 73.1% by cash flows. Its current yield of 4.8% is below the top UK dividend payers, but the stock trades at a favorable price-to-earnings ratio of 10.4x compared to the market average of 16.3x. Despite high debt levels, analysts expect a potential price increase and forecast earnings growth of 12.67% annually.