5 High-Yield UK Dividend Stocks to Buy Now

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In this article, we discuss the 5 high-yield UK dividend stocks to buy now. If you want to read about some more high-yield UK dividend stocks, see 10 High-Yield UK Dividend Stocks to Buy Now

5. Phoenix Group Holdings plc (LSE:PHNX.L)

Dividend Yield as of May 11: 8.27%   

Phoenix Group Holdings plc (LSE:PHNX.L) provides savings and retirement services. Some of the products that the company markets include unit-linked funds, profit funds, annuities, workplace pensions, and individual savings and retirement solutions. It employs more than 8,000 people and has over two centuries of experience in the finance sector. The four segments through which it operates include K Heritage, UK Open, Europe, and Management Services. The company serves individuals as well as corporations. 

On March 31, JPMorgan analyst Farooq Hanif upgraded Phoenix Group Holdings plc (LSE:PHNX.L) stock to Overweight from Neutral with a price target of GBP 800, noting that pricing for the insurance sector remained strong and was likely to “feed into further margin improvement in the next 12-18 months”. 

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