Best High Yield Dividend Stocks this May 2026 in the UK

Phoenix Group Holdings plc stands out in the FTSE 100 with an impressive 8.39% dividend yield, showcasing its commitment to consistent payouts over the past year. With a robust one-year return of 30.67%, this financial services provider appeals to investors seeking reliable income from financially healthy companies. However, it currently holds a C- analyst rating, indicating cautious optimism about its performance moving forward.

Phoenix Group Holdings has changed its name to Standard Life plc and is now listed on the London Stock Exchange under the ticker SDLF.

The consensus recommendation for Phoenix Copper is a Buy, but it currently does not pay a dividend.

Legal & General Group plc stands out as a top choice for UK income investors, boasting a robust dividend yield of 7.69%. Over the past year, the stock has returned an impressive 20.50%, reflecting its strong performance and consistent payouts. With a notable track record of increasing dividends, this investment offers reliable income from a financially healthy company.

Lakeland Industries (LAKE) has a consensus rating of Buy from 3 analysts, with 67% recommending a Strong Buy and 33% suggesting Hold.

Based on a 90-day outlook and an above-average risk tolerance, Ganfeng Lithium is rated a 'Strong Sell.'

Legal and General has shown consistent dividend growth, with an 18% increase over the past five years, resulting in average annual yields between 6.2% and 9.3%.

The average 12-month price target for Defiance Silver is 0.8000 CAD, with both high and low estimates also at 0.8 CAD.

Land Securities Group plc stands out as a leading UK property firm, offering a solid dividend yield of approximately 6.74%. With a focus on commercial real estate, it aims to provide steady income, making it an attractive choice for investors seeking reliable payouts. Recent analyst ratings include a hold from Jefferies and a buy upgrade from Deutsche Bank, suggesting mixed sentiment about its future performance.

Lakeland Industries (LAKE) has a consensus rating of Buy from analysts, with 67% recommending a Strong Buy and 33% suggesting Hold.

Land Securities has a potential upside of 17.35% based on analysts' average share price forecasts.

LAND offers a solid dividend yield of 5.09%, significantly higher than the average yield of 2.70% among the lowest 25% of dividend payers in the US.

LandSec's long-term revenue growth is projected to decline by 5.58%, with a stable profit margin around 90.89% and a future P/E ratio of approximately 9.88x.

Aviva plc stands out as a strong choice for investors seeking reliable income, boasting an impressive dividend yield of 8.375%. With a consensus "Buy" rating from 15 analysts, including 8 who specifically recommend purchasing the stock, it reflects confidence in its potential despite recent challenges, including a 1-year return of -23.08% and a 5-year return of -28.32%. The company's financial health is highlighted by a notable 17% increase in operating earnings per share, reinforcing its status as a solid option for passive income strategies.

Aviva has a consensus rating of 'Buy' from 15 analysts, with 8 recommending a purchase, 1 suggesting a sell, and 6 advising to hold.

Aviva is showing strong financial performance, with operating earnings per share increasing by 17% to 56.0p and an IFRS return on equity of 17.5%.

Aviva is considered undervalued by 47.8% according to our Excess Returns analysis.