The 10 Best-Performing UK Dividend Stocks of July 2024

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
July
2024

1.
Bridgepoint
Advisers
(BPT)
2.
Drax
Group
(DRX)
3.
St.
James’s
Place
(STJ)
4.
Travis
Perkins
(TPK)
5.
Keller
Group
(KLR)
6.
Volution
Group
(FAN)
7.
AJ
Bell
(AJB)
8.
TBC
Bank
Group
(TBCG)
9.
OSB
Group
(OSB)
10.
Genuit
Group
(GEN)

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
6.0%
over
the
past
month
and
14.8%
over
the
past
year.

The
overall
UK
stock
market,
as
measured
by
the

Morningstar
UK
Index,
has
gained
3.2%
on
the
month
and
13.7%
on
the
year.

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

Bridgepoint
Advisers
Asset
management
firm
Bridgepoint
Advisers
rose
32.9%
in
July
and
gained
59.8%
over
the
past
12
months.
Trading
at
£2.93
per
share,
its
stock
has
a
forward
dividend
yield
of
3.14%.
Bridgepoint
Advisers
pays
investors
a
trailing
12-month
dividend
of
9p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Drax
Group
Renewable
energy
firm
Drax
Group
rose
31.8%
in
July
and
gained
11.0%
over
the
past
12
months.
At
£6.49
per
share,
its
stock
has
a
forward
dividend
yield
of
3.75%
and
a
trailing
12-month
dividend
of
23p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

St.
James’s
Place
Asset
management
firm
St.
James’s
Place
gained
25.3%
in
July
and
fell
24.6%
over
the
past
12
months.
The
stock’s
£6.85
price
gives
it
a
forward
dividend
yield
of
2.04%.
St.
James’s
Place
pays
investors
a
trailing
12-month
dividend
of
24p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Travis
Perkins
Building
products
and
equipment
firm
Travis
Perkins
rose
24.6%
in
July
and
gained
12.1%
over
the
past
12
months.
Trading
at
£9.58
per
share,
Travis
Perkins
stock
has
a
forward
dividend
yield
of
1.88%
and
a
trailing
12-month
dividend
of
39p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
4
stars.

Keller
Group
Engineering
and
construction
company
Keller
Group
gained
21.3%
in
July
and
rose
79.3%
over
the
past
12
months.
Trading
at
£14.90
per
share,
its
forward
dividend
yield
is
3.03%.
Keller
Group
pays
investors
a
trailing
12-month
dividend
of
38p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Keller
Group
Building
products
and
equipment
firm
Volution
Group
gained
21.3%
in
July
and
rose
38.3%
over
the
past
12
months.
At
£5.47
per
share,
Volution
Group
stock
has
a
forward
dividend
yield
of
1.52%
and
a
trailing
12-month
dividend
of
8p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
2
stars.

AJ
Bell
Asset
management
firm
AJ
Bell
rose
20.9%
in
July
and
gained
43.5%
over
the
past
12
months.
Trading
at
£4.59
per
share,
AJ
Bell
stock
has
a
forward
dividend
yield
of
2.51%
and
a
trailing
12-month
dividend
of
11p
per
share.
It
has
a
quantitative
Morningstar
Rating
of
2
stars.

TBC
Bank
Group
Regional
bank
TBC
Bank
Group
rose
20.6%
in
July
and
gained
32.8%
over
the
past
12
months.
Trading
at
£31
per
share,
TBC
Bank
Group
stock
has
a
forward
dividend
yield
of
6.68%
and
pays
investors
a
trailing
12-month
dividend
of
£1.64
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

OSB
Group
Mortgage
finance
firm
OSB
Group
gained
20.4%
in
July
and
rose
49.2%
over
the
past
12
months.
The
stock’s
£5.16
price
gives
it
a
forward
dividend
yield
of
6.2%.
OSB
Group
pays
investors
a
trailing
12-month
dividend
of
32p
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Genuit
Group
Building
products
and
equipment
firm
Genuit
Group
rose
18.7%
in
July
and
gained
67.5%
over
the
past
12
months.
At
£5.12
per
share,
Genuit
Group
has
a
forward
dividend
yield
of
2.42%
and
a
trailing
12-month
dividend
of
12p
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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