5 Safest Dividend Stocks in the UK

In this article, we will take a look at the 5 safest dividend stocks in the UK. To see more such companies, go directly to 10 Safest Dividend Stocks in the UK.

5. British American Tobacco plc (NYSE:BTI)

With a dividend yield of about 8%, British American Tobacco plc (NYSE:BTI) is one of the best UK dividend stocks to buy right now. In its Q4 earnings call, British American Tobacco’s management talked about British American Tobacco plc (NYSE:BTI)’s dividend growth policy:

“Our framework includes, continuing to grow the dividend with an average pay-out ratio of 65% over the long term, maintaining leverage within our target corridor of 2 to 3 times adjusted net debt / adjusted EBITDA, potential bolt-on M&A opportunities, and share buybacks. At this time, the Board has decided to take a pragmatic approach. Given our incremental investment plans in 2023 to further accelerate our transformation and in light of the uncertain macro environment, higher interest rates, outstanding litigation, and regulatory matters, the Board has decided to prioritize strengthening the balance sheet.”