The 10 Best-Performing UK Dividend Stocks of Q2 2024

To
find
the
quarter’s
10
best-performing
income-focused
stocks,
we
screened
the

Morningstar
UK
Index
–
which
measures
the
performance
of
the
UK’s
broad
regional
markets,
targeting
the
top
97%
of
stocks
by
market
capitalisation
–
for
companies
with
a
forward
dividend
yield
of
at
least
1.5%,
excluding
real
estate
investment
trusts.

The
Best-Performing
UK
Dividend
Stocks
of
Q2
2024

1.
Hargreaves
Lansdown
(HL.)
2.
CMC
Markets
(CMCX)
3.
Britvic
(BVIC)
4.
Anglo
American
(AAL)
5.
BT
(BT.A)
6.
AJ
Bell
(AJB)
7.
IntegraFin
(IHP)
8.
Plus500
(PLUS)
9.
QinetiQ
(QQ.)
10.
Keller
Group
(KLR)

How
Have
Dividend
Stocks
Performed?

The

Morningstar
UK
Dividend
Yield
Focus
Index,
which
tracks
the
performance
of
high-quality,
dividend-paying
stocks
listed
in
the
UK,
rose
2.8%
over
the
past
month
and
10.0%
over
the
past
year.

The
overall
UK
stock
market,
as
measured
by
the

Morningstar
UK
Index,
has
gained
3.7%
on
the
quarter
and
13.0%
on
the
year.

Yields
and
Metrics
for
Q2’s
Best-Performing
Dividend
Stocks

Hargreaves
Lansdown

Asset
management
firm
Hargreaves
Lansdown
rose
53.8%
in
the
second
quarter
and
gained
43.9%
over
the
past
12
months.
Trading
at
£11.32
per
share,
its
stock
has
a
forward
dividend
yield
of
3.71%.
Hargreaves
Lansdown
pays
investors
a
trailing
12-month
dividend
of
40p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

CMC
Markets
UK

Capital
markets
company
CMC
Markets
rose
50.3%
in
the
second
quarter
and
gained
115.8%
over
the
past
12
months.
At
£3.27
per
share,
its
stock
has
a
forward
dividend
yield
of
2.54%
and
a
trailing
12-month
dividend
of
7p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Britvic

Non-alcoholic
beverages
company
Britvic
gained
44.8%
in
the
second
quarter
and
rose
41.7%
over
the
past
12
months.
The
stock’s
£11.81
price
gives
it
a
forward
dividend
yield
of
2.72%.
Britvic
pays
investors
a
trailing
12-month
dividend
of
31p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Anglo
American

Metals
and
mining
firm
Anglo
American
rose
28.2%
in
the
second
quarter
and
gained
15.5%
over
the
past
12
months.
Trading
at
£25.02
per
share,
Anglo
American
stock
has
a
forward
dividend
yield
of
3.07%
and
a
trailing
12-month
dividend
of
£1.01
per
share.
The
stock,
which
has
no
economic
moat,
is
moderately
overvalued,
trading
17%
above
its
fair
value
estimate
of
£21.40
per
share.
It
has
a
Morningstar
Rating
of
2
stars.

BT

Telecom
services
firm
BT
gained
28.0%
in
the
second
quarter
and
rose
21.0%
over
the
past
12
months.
Trading
at
£1.40
per
share,
its
forward
dividend
yield
is
5.7%.
BT
pays
investors
a
trailing
12-month
dividend
of
8p
per
share.
The
stock,
which
has
a
narrow
economic
moat,
is
trading
at
a
30%
discount
to
its
fair
value
estimate
of
£2
per
share,
leaving
it
moderately
undervalued.
It
has
a
Morningstar
Rating
of
4
stars.

AJ
Bell

Asset
management
firm
AJ
Bell
gained
26.9%
in
the
second
quarter
and
rose
21.8%
over
the
past
12
months.
At
£3.79
per
share,
AJ
Bell
stock
has
a
forward
dividend
yield
of
3.03%
and
a
trailing
12-month
dividend
of
11p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

IntegraFin

Asset
management
firm
IntegraFin
rose
26.0%
in
the
second
quarter
and
gained
50.7%
over
the
past
12
months.
Trading
at
£3.47
per
share,
IntegraFin
stock
has
a
forward
dividend
yield
of
2.94%
and
a
trailing
12-month
dividend
of
10p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Plus500

Capital
markets
company
Plus500
rose
25.5%
in
the
second
quarter
and
gained
63.7%
over
the
past
12
months.
Trading
at
£22.66
per
share,
Plus500
stock
has
a
forward
dividend
yield
of
2.85%
and
pays
investors
a
trailing
12-month
dividend
of
49p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

QinetiQ

Aerospace
and
defence
company
QinetiQ
gained
21.4%
in
the
second
quarter
and
rose
27.5%
over
the
past
12
months.
The
stock’s
£4.43
price
gives
it
a
forward
dividend
yield
of
1.86%.
QinetiQ
pays
investors
a
trailing
12-month
dividend
of
8p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Keller
Group

Engineering
and
construction
company
Keller
rose
20.2%
in
the
second
quarter
and
gained
81.9%
over
the
past
12
months.
At
£12.28
per
share,
Keller
has
a
forward
dividend
yield
of
3.68%
and
a
trailing
12-month
dividend
of
38p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

What
is
the
Morningstar
UK
Index?

The
Morningstar
UK
Index
measures
the
performance
of
the
UK’s
broad
regional
markets,
targeting
the
top
97%
of
stocks
by
market
capitalisation.
The
index
does
not
incorporate
environmental,
social,
or
governance
criteria.

What
is
the
Morningstar
UK
Dividend
Yield
Focus
Index?

The
Morningstar
UK
Dividend
Yield
Focus
Index
captures
the
performance
of
a
portfolio
of
high-quality,
dividend-paying
securities.

It’s
a
subset
of
the
Morningstar
UK
Index
(which
represents
97%
of
the
equity
market
capitalisation)
that
includes
only
stocks
that
pay
dividends.
The
stocks
are
screened
for
economic
moat
and
financial
strength
compared
to
others
in
their
sector.
Real
estate
investment
trusts
are
excluded.

The
25
highest-yielding
stocks
are
included
in
the
index,
weighted
by
the
dollar
value
of
the
dividends.
See
the
full
rulebook

here.

The
Best
Dividend
Stock
Leaders:
More
Ideas
to
Consider

Investors
who
would
like
to
uncover
more
top-performing
or
cheap
dividend
stocks
to
research
further
can
do
the
following: 

•
Review
the
full
list
of
Dividend
stocks
included
in
the

Morningstar
UK
Dividend
Yield
Focus
index.
Those
dividend
stocks
with
Morningstar
Ratings
of
4
or
5
stars
are
undervalued,
according
to
our
metrics.

•
Read
our
monthly
analysis
of
the
latest
dividend
moves

among
the
top
FTSE
100
dividend
payers.

•
Use
our

Morningstar
Screener
tool
to
find
the
best
dividend
stocks
according
to
your
specific
criteria.
You
can
search
for
stocks
based
on
their
dividend
yields,
valuation
measures
such
as
price/earnings,
and
more.

•
Use

Morningstar
Portfolio
Manager
to
build
a
watchlist
of
the
best
dividend
stocks
and
create
a
view
that
allows
you
to
easily
follow
the
valuations,
ratings,
and
dividend
yields
of
the
stocks
in
your
list.

•
When
it
comes
to
buying
stocks,
it’s
more
than
just
dividends.
Read

here
how
valuations
and
competitive
advantages—known
as
economic
moats—matter
when
it
comes
to
a
stock’s
potential
for
outperformance.

•
Watch

this
video
to
learn
how
Morningstar
uses
the
star
rating,
moat
rating
and
other
metrics
to
evaluate
stocks.

Companies
that
are
not
formally
covered
by
a
Morningstar
analyst
are
statistically
matched
to
analyst-rated
companies,
allowing
our
models
to
calculate
a
quantitative
star
rating.

This
article
was
compiled
by
Bella
Albrecht,
edited
by
Lauren
Solberg,
and
reviewed
by
Sunniva
Kolostyak.

This
article
was
generated
with
the
help
of
automation
and
reviewed
by
Morningstar
editors.

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