Top UK Dividend Stocks To Consider In September 2024
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The United Kingdom's FTSE 100 index has recently faced downward pressure, influenced by weak trade data from China and declining commodity prices. Despite these challenges, dividend stocks remain an attractive option for investors seeking steady income and potential resilience in turbulent markets.
Top 10 Dividend Stocks In The United Kingdom
| Name | Dividend Yield | Dividend Rating |
| James Latham (AIM:LTHM) | 5.75% | ★★★★★★ |
| OSB Group (LSE:OSB) | 8.55% | ★★★★★☆ |
| 4imprint Group (LSE:FOUR) | 3.07% | ★★★★★☆ |
| Impax Asset Management Group (AIM:IPX) | 7.35% | ★★★★★☆ |
| Man Group (LSE:EMG) | 5.82% | ★★★★★☆ |
| Plus500 (LSE:PLUS) | 5.71% | ★★★★★☆ |
| Big Yellow Group (LSE:BYG) | 3.50% | ★★★★★☆ |
| Dunelm Group (LSE:DNLM) | 6.36% | ★★★★★☆ |
| NWF Group (AIM:NWF) | 4.98% | ★★★★★☆ |
| Grafton Group (LSE:GFTU) | 3.44% | ★★★★★☆ |
Click here to see the full list of 60 stocks from our Top UK Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
HSBC Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: HSBC Holdings plc is a global provider of banking and financial services with a market cap of ￡120.86 billion.
Operations: HSBC Holdings plc generates its revenue from four primary segments: Commercial Banking ($15.43 billion), Global Banking and Markets ($16.16 billion), and Wealth and Personal Banking ($40.10 billion).
Dividend Yield: 6.8%
HSBC Holdings has shown a commitment to maintaining its dividend payments, recently approving a second interim dividend for 2024 amounting to $1.85 billion. However, the company has only paid dividends for nine years and has experienced volatility in its payouts. Despite this, HSBC's payout ratio of 52.5% indicates that current dividends are covered by earnings. Recent debt financing activities and strategic divestitures may impact future stability but reflect efforts to streamline operations and focus on core markets.
Ocean Wilsons Holdings
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Ocean Wilsons Holdings Limited, with a market cap of ￡479.17 million, is an investment holding company that provides maritime and logistics services in Brazil.
Operations: Ocean Wilsons Holdings Limited generates $519.35 million in revenue from its maritime services in Brazil.
Dividend Yield: 4.7%
Ocean Wilsons Holdings has demonstrated consistent dividend growth over the past decade, with dividends well-covered by earnings (48.7% payout ratio) and cash flows (26.6% cash payout ratio). The company's price-to-earnings ratio of 10.4x is attractive compared to the UK market average of 16.9x. Although its dividend yield of 4.7% is below the top tier in the UK market, it remains reliable and stable. Recent M&A discussions regarding its subsidiary Wilson Sons may influence future performance but are currently speculative.