Top 40 UK Dividend Stocks 2024

The list below contains the UK's top 40 progressive dividend stocks based on a combination of market cap and dividend yield (higher is better in both cases).

The list is updated monthly and a related blog post is published at the beginning of each quarter.

The list is based on data provided by SharePad.

If you'd like to know what the top UK dividend stocks were in the past, use the links below to visit any of the related quarterly blog posts, which include additional commentary that was relevant at the time.

Note that before April 2024, the list was focused on high-yield dividend stocks, whereas the list is now focused on high-quality dividend stocks:

• UK Top 40 Quality Dividend Stocks: Summer 2024 (Top 3: BAT, L&G, National Grid)
• UK Top 40 Quality Dividend Stocks: Spring 2024 (Top 3: BAT, L&G, National Grid) 
• Top 40 UK Dividend Stocks: 2024 Q1 (Top 3: BAT, HSBC, Vodafone)
• Top 40 UK Dividend Stocks: 2023 Q4 (Top 3: BAT, Rio Tinto, Vodafone)
• Top 40 UK Dividend Stocks: 2023 Q3 (Top 3: Glencore, BAT, HSBC)
• Top 40 UK Dividend Stocks: 2023 Q2 (Top 3: HSBC, Glencore, BAT)
• Top 40 UK Dividend Stocks: 2022 Q3 (Top 3: Rio Tinto, Glencore, NatWest)

The top 40 list is made using the following process:

Select stocks that:

1. Are in the FTSE 100, FTSE 250, FTSE Small-Cap, FTSE Fledgling or AIM UK 50 indices
2. Paid a dividend in every one of the last ten years
3. Held or raised their dividend in every one of the last ten years

Sort those stocks by:

1. Size: Assign each stock a size rank, with the highest market cap having a size rank of 1
2. Yield: Assign each stock a yield rank, with the highest yield having a yield rank of 1
3. Size and Yield: Add the size and yield rank together for each stock; sort the list by the combined rank in ascending order so the stock with the best combination of large size and high dividend yield is at the top of the list
4. Top 40: Remove stocks outside the top 40