M.P. Evans Group And 2 Other UK Dividend Stocks To Enhance Your Portfolio
Tuesday, Jan 21, 2025 3:31 am ET
1min read As an investor, you're always on the lookout for opportunities to boost your portfolio's performance. One way to achieve this is by incorporating dividend stocks, which provide a steady income stream and can help mitigate market volatility. In this article, we'll explore M.P. Evans Group PLC (MPE.L) and two other UK dividend stocks that could enhance your portfolio.
M.P. Evans Group PLC (MPE.L) is a UK-based company that owns oil palm plantations in Indonesia and Malaysia. It generates revenue through the production and sale of crude palm oil and palm kernels, as well as property development and management consultancy services. MPE.L offers a dividend yield of 6.3%, which is higher than the UK market average of around 4.5%. The company has a strong financial performance, with earnings growing by 47.8% over the past year. Its dividend cover is 1.6, indicating that the company pays out 1.6 times its earnings as dividends. MPE.L has a CADI (Consecutive Annual Dividend Increases) score of 4, reflecting a consistent track record of dividend increases.
Pets at Home Group (PETS) is a UK-based pet supplies retailer with a strong online presence and a network of stores. The company offers a dividend yield of 6.41%, which is slightly higher than MPE.L's. PETS has a CADI score of 5, indicating a consistent track record of dividend increases. The company's financial performance has been robust, with revenue growth of 11.5% in the first half of 2024. PETS maintains a lower dividend payout ratio (1.2) compared to MPE.L, suggesting that it may have more room to grow its dividends or reinvest in the business.
Keller Group (KLR) is a global specialist geotechnical engineering company that provides services to the construction, mining, and environmental industries. KLR offers a dividend yield of 3.63%, which is lower than both MPE.L and PETS. The company has a CADI score of 3, reflecting a more volatile dividend history compared to the other two companies. However, KLR's strong financial performance and low dividend payout ratio (31.6%) indicate that its dividends are well-covered and sustainable.
In conclusion, incorporating M.P. Evans Group PLC (MPE.L) and the other two UK dividend stocks into your portfolio can provide a steady income stream and help mitigate market volatility. While MPE.L offers a higher dividend yield and consistent dividend growth, PETS and KLR may have more room to grow their dividends or reinvest in the business. By diversifying your portfolio with these dividend stocks, you can enhance your overall investment performance and achieve your long-term financial goals.
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