5 High-Yield UK Dividend Stocks to Buy Now

4. M&G plc (LSE:MNG.L)

Dividend Yield as of May 11: 8.85% 

M&G plc (LSE:MNG.L) is a diversified financial services firm. On March 8, the firm posted earnings for the full fiscal year 2021, reporting earnings per share of £3.20 and a revenue of £17.77 million, up more than 16.8% compared to the revenue in the previous fiscal year. John Foley, the CEO of the firm, said during the earnings call that the firm had undergone a reorganization in management during the past few months and the market-beating earnings were a testament to the success of this initiative. 

On March 31, JPMorgan analyst Farooq Hanif upgraded M&G plc (LSE:MNG.L) stock to Neutral from Underweight and raised the price target to GBP 250 from GBP 215, noting that there reasons to be incrementally positive on the European insurance sector.