As the FTSE 100 shows signs of fluctuation amidst global economic shifts and policy changes, investors remain keenly attuned to market dynamics. In this context, understanding the attributes that define a strong dividend stock—such as stable earnings, a solid track record of payouts, and resilience in various market conditions—becomes crucial for those looking to enhance their portfolios in June 2024.

Top 10 Dividend Stocks In The United Kingdom

Click here to see the full list of 59 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Wynnstay Group

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Wynnstay Group Plc is a UK-based company that manufactures and supplies agricultural products, with a market capitalization of approximately ￡89.68 million.

Operations: Wynnstay Group Plc generates its revenue primarily from two segments: Agriculture, which brought in ￡584.31 million, and Specialist Agricultural Merchanting, contributing ￡151.48 million.

Dividend Yield: 4.4%

Wynnstay Group offers a consistent dividend yield of 4.42%, though it's below the top tier in the UK market. Despite lower profit margins this year at 0.9% compared to last year's 2.4%, dividends remain well-supported by both earnings and cash flows, with payout ratios of 56.1% and 34.6% respectively, suggesting sustainability. Dividend stability is evidenced by a decade of reliable payouts without reductions, alongside an increase over the same period, although shareholder dilution has occurred within the last year.

• Click here and access our complete dividend analysis report to understand the dynamics of Wynnstay Group.

• Our expertly prepared valuation report Wynnstay Group implies its share price may be lower than expected.

Liontrust Asset Management

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Liontrust Asset Management Plc is a publicly owned investment manager, with a market capitalization of approximately ￡484.80 million.

Operations: Liontrust Asset Management generates its revenue primarily through investment management services, totaling ￡231.10 million.

Dividend Yield: 9.3%

Liontrust Asset Management has maintained a consistent dividend over the past decade, with an increase in payments during this period. However, the sustainability of these dividends is questionable as they are not well-covered by earnings or cash flows, with high payout ratios of 267% and cash payout ratios of 121.6%. Recent restructuring and strategic hires indicate efforts to stabilize after significant outflows totaling ￡5.4 billion over the past 15 months, which could impact future dividend reliability despite currently trading at a significant discount to estimated fair value.