UK Dividend Stocks To Consider In November 2024

As the FTSE 100 and FTSE 250 indices face downward pressure due to weak trade data from China, the United Kingdom's market sentiment reflects global economic uncertainties. In such an environment, dividend stocks can offer a measure of stability and potential income, making them worthy of consideration for investors seeking resilience amidst market fluctuations.

Top 10 Dividend Stocks In The United Kingdom

Name	Dividend Yield	Dividend Rating
James Latham (AIM:LTHM)	6.15%	★★★★★★
Impax Asset Management Group (AIM:IPX)	8.12%	★★★★★☆
OSB Group (LSE:OSB)	8.76%	★★★★★☆
Burberry Group (LSE:BRBY)	7.58%	★★★★★☆
Plus500 (LSE:PLUS)	6.44%	★★★★★☆
Man Group (LSE:EMG)	6.41%	★★★★★☆
DCC (LSE:DCC)	4.05%	★★★★★☆
Big Yellow Group (LSE:BYG)	3.75%	★★★★★☆
Dunelm Group (LSE:DNLM)	7.06%	★★★★★☆
Grafton Group (LSE:GFTU)	3.75%	★★★★★☆

Click here to see the full list of 59 stocks from our Top UK Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Macfarlane Group (LSE:MACF)

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

Overview: Macfarlane Group PLC, with a market cap of £179.13 million, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe through its subsidiaries.

Operations: Macfarlane Group PLC generates its revenue primarily from Packaging Distribution (£231.89 million) and Manufacturing Operations (£42.06 million).

Dividend Yield: 3.2%

Macfarlane Group has increased its interim dividend to 0.96 pence per share, reflecting a commitment to shareholder returns despite a slight decline in earnings and sales for the first half of 2024. The company's dividends are well-covered by both earnings and cash flows, with payout ratios of 39% and 22.8%, respectively. However, its dividend yield is lower than top UK payers, and the track record shows volatility over the past decade.

• Delve into the full analysis dividend report here for a deeper understanding of Macfarlane Group.
• The valuation report we've compiled suggests that Macfarlane Group's current price could be quite moderate.

Morgan Sindall Group (LSE:MGNS)

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

Overview: Morgan Sindall Group plc is a construction and regeneration company operating in the United Kingdom with a market cap of £1.76 billion.

Operations: Morgan Sindall Group plc's revenue segments include Fit Out (£1.24 billion), Construction (£1.02 billion), Infrastructure (£989.20 million), Property Services (£191.80 million), Urban Regeneration (£148.40 million), and Partnership Housing (£845.20 million).

Dividend Yield: 3.2%

Morgan Sindall Group's dividend payments have increased over the past decade, but their volatility makes them unreliable. Despite a relatively low payout ratio of 44.7%, and cash payout ratio of 33.4%, indicating dividends are well-covered by earnings and cash flows, the yield remains below top UK payers at 3.19%. Recent guidance suggests earnings for 2024 will exceed expectations, potentially supporting future dividend stability amidst significant insider selling recently observed.

• Unlock comprehensive insights into our analysis of Morgan Sindall Group stock in this dividend report.
• In light of our recent valuation report, it seems possible that Morgan Sindall Group is trading beyond its estimated value.

Spectris (LSE:SXS)

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

Overview: Spectris plc offers precision measurement solutions globally and has a market capitalization of £2.56 billion.

Operations: Spectris plc's revenue segments include £527.70 million from Spectris Dynamics and £643.10 million from Spectris Scientific.

Dividend Yield: 3.1%

Spectris offers a stable dividend track record over the past decade, supported by a low payout ratio of 29.9% and cash flow coverage at 67.4%. Despite earnings forecasted to decline by 21.1% annually over the next three years, revenue is expected to grow by 6.56% per year, providing some support for future dividends. Trading below fair value estimates and with recent executive changes, its current yield of 3.11% remains modest compared to top UK payers.

• Click here to discover the nuances of Spectris with our detailed analytical dividend report.
• According our valuation report, there's an indication that Spectris' share price might be on the cheaper side.

Where To Now?

• Reveal the 59 hidden gems among our Top UK Dividend Stocks screener with a single click here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

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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