Best-Performing UK Dividend Stocks for the Month

To
find
the
month’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
April
2024

1.
Anglo
American
(AAL)
2.
Plus500
(PLUS)
3.
Diversified
Energy
(DEC)
4.
GlobalData
(DATA)
5.
OSB
Group
(OSB)
6.
NatWest
(NWG)
7.
PZ
Cussons
(PZC)
8.
AstraZeneca
(AZN)
9.
Morgan
Advanced
Materials
(MGAM)
10.
HSBC
(HSBA)

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,
was
roughly
flat
over
the
past
month,
but
has
risen
1.6%
over
the
past
year.

The
overall
UK
stock
market,
as
measured
by
the

Morningstar
UK
Index,
has
gained
2.6%
on
the
month
and
7.3%
on
the
year.

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

Anglo
American

Metals
and
mining
firm
Anglo
American
rose
35%
in
April
and
gained
10.9%
over
the
past
12
months.
Trading
at
£26.34
per
share,
its
stock
has
a
forward
dividend
yield
of
2.91%.
Anglo
American
pays
investors
an
annual
dividend
of
£1.29
per
share.
The
stock,
which
has
no
economic
moat,
is
currently
trading
at
a
27%
premium
to
its
fair
value
estimate
of
£20.80
per
share,
leaving
it
with
a
Morningstar
Rating
of
2
stars.

Plus500

Capital
markets
company
Plus500
rose
19.8%
in
April
and
gained
37.8%
over
the
past
12
months.
At
£21.62
per
share,
its
stock
has
a
forward
dividend
yield
of
2.99%
and
an
annual
dividend
of
63p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Diversified
Energy

Oil
and
gas
exploration
and
production
company
Diversified
Energy
gained
18.8%
in
April
and
fell
26%
over
the
past
12
months.
The
stock’s
£11.26
price
gives
it
a
forward
dividend
yield
of
8.21%.
Diversified
Energy
pays
investors
an
annual
dividend
of
£3.49
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

GlobalData

Consulting
firm
GlobalData
rose
16.5%
in
April
and
gained
22.3%
over
the
past
12
months.
Trading
at
£2.12
per
share,
GlobalData
stock
has
a
forward
dividend
yield
of
2.17%
and
an
annual
dividend
of
4p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

OSB
Group

Mortgage
finance
firm
OSB
Group
gained
14.6%
in
April
and
fell
10.9%
over
the
past
12
months.
Trading
at
£4.11
per
share,
its
forward
dividend
yield
is
7.79%.
OSB
pays
investors
32p
per
share
annually.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

NatWest

Regional
bank
NatWest
Group
gained
14.3%
in
April
and
rose
22.3%
over
the
past
12
months.
At
£3.04
per
share,
NatWest
Group
stock
has
a
forward
dividend
yield
of
5.6%
and
an
annual
dividend
of
17p
per
share.
The
stock,
which
has
no
economic
moat,
is
trading
near
its
fair
value
estimate
of
£2.80
per
share.
It
has
a
Morningstar
Rating
of
3
stars.

PZ
Cussons

Household
and
personal
products
company
PZ
Cussons
rose
13.7%
in
April
and
lost
46.5%
over
the
past
12
months.
Trading
at
£1.02
per
share,
PZ
Cussons
stock
has
a
forward
dividend
yield
of
5.13%
and
an
annual
dividend
of
6p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

AstraZeneca

Drug
manufacturer
AstraZeneca
rose
13%
in
April
and
gained
4.6%
over
the
past
12
months.
Trading
at
£120.62
per
share,
AstraZeneca
stock
has
a
forward
dividend
yield
of
1.89%
and
pays
investors
an
annual
dividend
of
£2.89
per
share.
The
stock,
which
has
a
wide
economic
moat,
is
currently
trading
near
its
fair
value
estimate
of
£124
per
share,
leaving
it
with
a
Morningstar
Rating
of
3
stars.

Morgan
Advanced
Materials

Specialty
industrial
machinery
firm
Morgan
Advanced
Materials
gained
12.5%
in
April
and
rose
8.5%
over
the
past
12
months.
The
stock’s
£3.14
price
gives
it
a
forward
dividend
yield
of
3.82%.
Morgan
Advanced
Materials
pays
investors
an
annual
dividend
of
12p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
4
stars.

HSBC

HSBC
rose
12.4%
in
April
and
gained
29.7%
over
the
past
12
months.
At
£6.96
per
share,
HSBC
has
a
forward
dividend
yield
of
7%
and
an
annual
dividend
of
62p
per
share.
The
stock,
which
has
no
economic
moat,
is
moderately
undervalued,
trading
20%
below
its
fair
value
estimate
of
£8.72
per
share.
It
has
a
Morningstar
Rating
of
4
stars.

You
can
read
more
about
HSBC’s
recent
dividend
hike
and
CEO
exit
in
this
article.

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.

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.

Companies
that
are
not
formally
covered
by
a
Morningstar
analyst
have
quantitative
ratings.
These
companies
are
statistically
matched
to
analyst-rated
companies,
allowing
our
models
to
calculate
a
quantitative
moat,
fair
value,
and
uncertainty
rating.

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

As
part
of
our
mission
to
put
more
information
into
the
hands
of
investors,
this
article
was
compiled
from
Morningstar’s
data
and
independent
research
using
automation
technology.
The
original
article
was
written
by
Morningstar
reporters
and
editors.
This
updated
version
was
reviewed
by
an
editor.

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