Top UK Dividend Stocks For December 2024

As the United Kingdom's FTSE 100 index faces pressures from faltering trade data in China, investors are navigating a landscape marked by global economic uncertainties and fluctuating commodity prices. In such a climate, dividend stocks can offer stability and income potential, making them an attractive option for those seeking reliable returns amidst market volatility.

Top 10 Dividend Stocks In The United Kingdom

Name	Dividend Yield	Dividend Rating
Pets at Home Group (LSE:PETS)	6.02%	★★★★★★
Keller Group (LSE:KLR)	3.29%	★★★★★☆
4imprint Group (LSE:FOUR)	3.38%	★★★★★☆
OSB Group (LSE:OSB)	8.29%	★★★★★☆
Man Group (LSE:EMG)	6.05%	★★★★★☆
Big Yellow Group (LSE:BYG)	4.68%	★★★★★☆
Plus500 (LSE:PLUS)	5.93%	★★★★★☆
DCC (LSE:DCC)	3.77%	★★★★★☆
Dunelm Group (LSE:DNLM)	7.27%	★★★★★☆
James Latham (AIM:LTHM)	6.69%	★★★★★☆

Click here to see the full list of 61 stocks from our Top UK Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Conduit Holdings (LSE:CRE)

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

Overview: Conduit Holdings Limited, with a market cap of £755.06 million, operates globally by offering reinsurance products and services through its subsidiaries.

Operations: Conduit Holdings Limited generates revenue through its reinsurance operations, with segments including Property at $320 million, Casualty at $174.60 million, and Specialty at $124.30 million.

Dividend Yield: 5.9%

Conduit Holdings offers a compelling valuation with a price-to-earnings ratio of 4.6x, significantly lower than the UK market average. Its dividend yield is among the top 25% in the UK, supported by low payout ratios from both earnings (27.2%) and cash flows (15.9%). However, its dividend history is unreliable and volatile over three years, lacking growth stability despite substantial recent earnings growth of £643 million last year.

• Navigate through the intricacies of Conduit Holdings with our comprehensive dividend report here.
• According our valuation report, there's an indication that Conduit Holdings' share price might be on the cheaper side.

Halyk Bank of Kazakhstan (LSE:HSBK)

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

Overview: Halyk Bank of Kazakhstan Joint Stock Company, along with its subsidiaries, offers corporate and retail banking services mainly in Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan and has a market cap of $4.99 billion.

Operations: Halyk Bank of Kazakhstan generates revenue from several segments, including Retail Banking (KZT 153.85 million), Corporate Banking (KZT 483.28 million), Investment Banking (KZT 272.50 million), and Small and Medium Enterprises (SME) Banking (KZT 152.10 million).

Dividend Yield: 4%

Halyk Bank of Kazakhstan presents a mixed dividend profile, with recent approvals for a cash dividend and an ex-dividend date set for December 2024. Despite earnings growth of 13.5% over the past year and a low payout ratio of 35%, its dividend yield is modest at 4%, below the UK top tier. The bank's dividends have been volatile over the past decade, and it faces challenges with high bad loans at 6.9%.

• Click here and access our complete dividend analysis report to understand the dynamics of Halyk Bank of Kazakhstan.
• The analysis detailed in our Halyk Bank of Kazakhstan valuation report hints at an deflated share price compared to its estimated value.

Ultimate Products (LSE:ULTP)

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

Overview: Ultimate Products Plc, along with its subsidiaries, supplies branded household products across the United Kingdom, Germany, the rest of Europe, and internationally, with a market cap of £98.68 million.

Operations: Ultimate Products Plc generates revenue through its Wholesale - Miscellaneous segment, totaling £155.50 million.

Dividend Yield: 6.4%

Ultimate Products' dividend yield ranks in the top 25% of UK payers, supported by a payout ratio of 60.7% and cash flow coverage at 44.8%. However, its dividend history is less stable, with payments over the past eight years being volatile. Recent earnings showed a decline to £10.53 million from £12.59 million year-on-year, but dividends remain covered by earnings and cash flows despite this drop in profitability.

• Unlock comprehensive insights into our analysis of Ultimate Products stock in this dividend report.
• Our expertly prepared valuation report Ultimate Products implies its share price may be lower than expected.

Next Steps

• Embark on your investment journey to our 61 Top UK Dividend Stocks selection here.
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Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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