Ten UK companies offer dividends up to 9.5%

Investors are looking at British companies that offer high dividend yields, some reaching up to 9.5%. This is significantly higher than the interest from cash ISAs. Dividends are important because they provide income and can increase overall returns. This year, the top 100 companies in the UK are expected to pay out nearly £93 billion in dividends. Among these, the Phoenix Group stands out with a dividend yield of 9.7%. The company has a strong presence in the savings and retirement sectors and has been expanding its services. Recent results show growth in profits and a commitment to increasing dividends. M&G is another financial firm with an attractive dividend yield of 9.4%. The company has focused on improving its performance after facing challenges during the pandemic. M&G manages a significant amount of assets and is optimistic about future growth. Legal & General also offers a high yield, currently at 9%. Under new leadership, the company is simplifying its operations and aims to increase dividends further. The firm has a long history and is considered a stable investment. In addition to these three, Aviva and Admiral are also in the top ten for dividends, with yields of 7.3% and 7.1%, respectively. Aviva has made considerable progress under its current management, while Admiral remains a solid performer. Other sectors represented in the top ten include property, tobacco, and oil. For example, British American Tobacco and BP are listed, but their yields are lower than those of financial firms. Despite their challenges, they still have potential for recovery. Overall, these companies provide appealing options for income-focused investors, particularly in a market where cash returns are low.