2 of the best UK dividend stocks to buy today!

first_img Image source: Getty Images Rupert Hargreaves | Saturday, 15th May, 2021 | More on: DVO PAY Simply click below to discover how you can take advantage of this. Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Devro and PayPoint. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The Motley Fool UK’s Top Income Stock… I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Considering the current interest rate environment, I’ve recently been looking for UK dividend stocks to add to my portfolio. I believe this is one strategy I can use to increase my income when interest rates are at record low levels.I’m aware that dividend income is never guaranteed. Investors may not always get back as much as they invest when buying stocks and shares. As such, buying dividend stocks may not be suitable for all. Nevertheless, I’m comfortable with the level of risk involved. That’s why I would buy the two UK dividend stocks below for my portfolio today. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…UK dividend stocks on offerThe first company I would buy, with a dividend yield of 6.7%, is PayPoint (LSE: PAY). I think this is an overlooked electronic payments champion in the UK.The company provides point-of-payment services and other facilities that let consumers pay for services, such as utilities, electronically. It provides a vital bridge between those in the economy who have digital skills and those who don’t. The business is highly profitable. Last year it reported an operating profit margin of 27%. This provides plenty of cash to facilitate the dividend to investors.At the time of writing, the stock is trading at a forward price-to-earnings (P/E) multiple of 11.4. Analysts at Canaccord Genuity have a price target on it of 800p to 825p. The company faces some challenges as well. The digital sector is highly competitive, and it may be only a matter of time before a competitor comes to steal PayPoint’s lunch. Larger competitors such as PayPal have deeper pockets and more substantial brand recognition. Still, despite these risks, I would buy the stock for my portfolio of UK dividend stocks today, considering its market-beating dividend yield and valuation. Beating expectationsAt the end of April, meat casings manufacturer Devro (LSE: DVO) announced that its sales had increased 4.6% in the first quarter of 2021. That followed a relatively robust 2020, despite the pandemic. Overall, analysts believe the group will report a modest decline in earnings this year. However, these are just projections at this stage. Based on the company’s first-quarter performance, it could be on track to outperform the City’s target. The City has also pencilled in a dividend yield of 4.4% for the year ahead. Once again, this is just a forecast, and there’s no guarantee the company will hit this target. The group has already warned that another wave of coronavirus could cause it to report a substantial decline in sales and profits for the year. This is the most considerable risk the business faces right now.Despite this, I would buy the company for my portfolio of UK dividend stocks. The dividend yield of 4.4% looks attractive, and the firm is trading at a forward P/E of 12.6, which is not too demanding in my eyes. center_img Learn how you can grab this ‘Top Income Stock’ Report now Enter Your Email Address We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. Our 6 ‘Best Buys Now’ Shares 2 of the best UK dividend stocks to buy today! See all posts by Rupert Hargreaveslast_img read more

Supreme Court Stays Contempt Proceedings Against Maharashtra Governor Bhagat Singh Koshyari Over Alleged Non-Payment Of Rent Of Govt. Bungalow

first_imgTop StoriesSupreme Court Stays Contempt Proceedings Against Maharashtra Governor Bhagat Singh Koshyari Over Alleged Non-Payment Of Rent Of Govt. Bungalow Radhika Roy7 Dec 2020 11:53 PMShare This – xThe Supreme Court on Tuesday stayed the contempt proceedings which was sought to be initiated against Maharashtra Governor Bhagat Singh Koshyari by the Uttarakhand High Court which had issued notice on the same. The contempt proceedings stem from the alleged failure of the Governor to follow an order of payment of market rent for a government bungalow which was allocated to him in…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Tuesday stayed the contempt proceedings which was sought to be initiated against Maharashtra Governor Bhagat Singh Koshyari by the Uttarakhand High Court which had issued notice on the same. The contempt proceedings stem from the alleged failure of the Governor to follow an order of payment of market rent for a government bungalow which was allocated to him in his capacity as a Chief Minister. A Bench of Justices Rohinton F. Nariman, KM Joseph and Krishna Murari heard the submissions of Senior Advocate Aman Sinha, and proceeded to stay the contempt proceedings and issued notice to the State of Uttarakhand. The matter has been tagged with the pending plea. The plea filed by Koshyari states “that the aforesaid amount of market rent has been arrived at without any rational (sic) and is highly exorbitant for a residential premises in Dehradun and have been ascertained without affording an opportunity of participation of the petitioner in the process, which renders the process of determination of market rent arbitrary, discriminatory and violative of principles of natural justice,” the plea states, towards the total stipulated dues amounting to Rs. 47,57,158/-.” It is contended that no legal order was passed by any lawful authority determining the said market rent was ever supplied to the petitioner or submitted before the High Court but the ascertained amounts were placed before High Court on affidavit, which were approved by the Court without applying any judicial mind to ascertain the legality and correctness of the determination. “The aforesaid affidavit dated February 12, 2019 was never served upon the petitioner or any other Ex-Chief Minister nor were they given an opportunity to participate in the proceeding of determination of market rent of residential premises allotted them” Koshyari, while seeking stay of the High Court orde,r has contended that since he is the sitting Governor of Maharashtra, Article 361 of the Constitution shall be invoked, which provides protection to President and Governors for invocation of such proceedings. The Governor has stated that he was in occupation of the residential premises under an order issued by a lawful authority under a rule, which was not in dispute at the time of allotment and vacated the same as soon as he was required by law to do so. The Uttarakhand High Court on May 3 last year had ordered former Chief Ministers of the state to pay market rent for the entire period they continued to occupy government accommodation even after they demitted office. On October 26, the Top Court had stayed Contempt proceedings initiated by Uttarakhand High Court in the case concerning alleged non-payment of rents by former Chief Minister of Uttarakhand, Ramesh Pokhriyal Nishank (present Union Human Resource Development Minister). Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more