Stock investors gain profits from not only stock price appreciation but also dividend payments. A dividend is a portion of earnings that a company pays out to its shareholders, often on a quarterly basis. If a stock has a high dividend yield, it means you can earn high passive income from this investment.

So, which UK stocks pay the highest dividends right now?

(All figures are taken from TradingView as of August 27, 2024)

1. CATALYST MEDIA GROUP PLC

• Dividend yield %:65%
• Price:0 GBX
• P/E:81
• EPS:15 GBP
• Sector: Commercial services

2. ANDREWS SYKES GROUP

• Dividend yield %:34%
• Price: 595 GBX
• P/E:07
• EPS:42 GBP
• Sector: Industrial services

3. ITHACA ENERGY PLC

• Dividend yield %:69%
• Price: 0 GBX
• P/E:33
• EPS:13 GBP
• Sector: Energy minerals

4. LIONTRUST ASSET MANAGEMENT PLC

• Dividend yield %:06%
• Price: 650 GBX
• P/E: –
• EPS: -0.06 GBP
• Sector: Finance

5. SYLVANIA PLATINUM LTD

• Dividend yield %:03%
• Price:0 GBX
• P/E:44
• EPS:04 GBP
• Sector: Non-energy minerals

6. ECORA RESOURCES PLC

• Dividend yield %:90%
• Price:5 GBX
• P/E:09
• EPS:00 GBP
• Sector: Non-energy minerals

7. LENDINVEST PLC

• Dividend yield %:67%
• Price:0 GBX
• P/E: –
• EPS: -0.15 GBP
• Sector: Finance

8. VODAFONE GROUP

• Dividend yield %:31%
• Price:32 GBX
• P/E:53
• EPS:04 GBP
• Sector: Communications

9. VANQUIS BANKING GROUP PLC

• Dividend yield %:90%
• Price:0 GBX
• P/E: –
• EPS: -0.12 GBP
• Sector: Finance

10. ENERGEAN PLC

• Dividend yield %:77%
• Price:0 GBX
• P/E:70
• EPS:82 GBP
• Sector: Energy minerals

Why do dividends matter?

Many investors see high dividends as a sign that a company has strong fundamentals and is generating healthy profits. Dividend payouts also help improve investors’ insight into the company’s intrinsic value, which is crucial when looking to raise capital.