This article will discuss the 10 best platforms to buy dividend stocks in the UK in 2023. Dividend stocks are financial assets that continually yield dividends to traders and investors who consider them for investment. These dividend stocks can be purchased on various platforms.
How to Buy and Invest in Dividend Stock
Dividend stocks are a great financial asset that can earn a specific investor or trader higher returns on investment.
These kinds of stocks normally earn investors and traders’ dividends continually. Below are the steps traders and investors can take in buying and investing in dividend stocks.
• Find a Dividend-Paying Stock
Many stocks are available for trading and investment in the stock market that an individual trader or investor can consider.
You need to research and get the stocks that pay dividends on investment which you can purchase. You can easily do this through your broker’s website.
• Evaluate the Dividend Paying Stocks
Once you get a list of stocks that pay a dividend, the next thing to do is research their dividend yields, comparing each of the ones available in the market.
Ensure to make findings on the company offering these stocks before picking anyone for investment.
• Decide the Number of Stock You Want to Buy
After making findings on these dividend-paying stocks, the information of the company offering them, and others, you can decide on the amount you are willing to spend on purchasing these assets.
If you decide to buy more of this dividend stock, you must know how much of your portfolio you are willing to invest.
• Make The Purchase
The last thing to do is purchase the worth of the dividend-paying stock you intend to have in your investment portfolio. If you don’t have an account, ensure to open one with a good stock broker.
Note that the dividend’s safety is important in purchasing any dividend stock.
List of the 10 Best Platforms to Buy Dividend Stocks in the UK
Dividend stocks are good investments that any trader or investor looking to make a profit can consider.
These stocks usually yield individual dividends from their investment regularly. Below is a list of the 10 best UK company platforms to buy dividend stocks.
1. eToro
eToro is a multi-asset trading platform that offers a trader or investors access to investing in stocks, crypto-asset, and other financial assets. Their trading platform is good and easy to use in conducting various trading activities.
2. FinecoBank
FinecoBank is a large and well-recognized bank that has offered brokerage services for over 20 years to many clients. Their services are good for individuals looking to trade on many investment options.
3. Invest Engine
Invest Engine is a UK investment platform that provides traders and investors with the best trading features to help them manage and grow their respective investment portfolios.
4. Hargreaves Lansdown
Hargreaves Lansdown is an investment platform with numerous investments from which traders and investors can choose, ranging from the UK and overseas ETFs, funds, stock, and investment trusts.
5. FreeTrade
FreeTrade is a mobile trading application that provides traders with access to many stocks, ETFs, and investment trusts which covers a wide range of sectors and markets within and outside the UK.
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6. DEGIRO
DEGIRO is an investment broker that allows traders and investors to trade on options, futures, stocks, and lots more on their multiple partnered exchange platforms. The broker offers many financial instruments to assist investors and traders in diversifying their respective portfolios.
7. Interactive Investor
Interactive investor is a suitable and excellent investment platform open to trading on over 40,000 investments consisting of the UK and overseas funds, shares, and ETFs, among others.
8. Stake
Stake is a commission-free brokerage that gives an investor access to trading on over 4,500 UK stocks and ETFs through its mobile application and web interface, which is relatively easy to use.
9. Best Invest
Best Invest is a popular UK trading platform that offers access to multiple trading options. The platform is suitable for both beginner and advanced traders to execute their diverse trading decisions.
10. Freedom24
Freedom24 is an online trading platform made available by Freedom Finance, and it helps offer investors and traders access to multiple trading instruments. Their trading platform is quite good and easy to utilize.
How Do You Buy Stocks in the UK?
It’s very simple for an investor or trader to buy stocks in the UK. They can easily purchase various stocks by using an online trading account.
A trader would need to open a trading account with a stock broker. Ensure to research for the one best suited to handle your trading demands and then open an account with them.
After opening an account with your preferred broker, you need to decide on the particular stock you intend to purchase and determine the value of shares you are considering for investment.
Afterward, go to the market on your trading account and make your order to purchase your chosen stock. You will be presented with a live price from the market of which you can suitably complete your trade.
Which UK Stocks Pay the Highest Dividend
There are many dividend-paying stocks in the UK that traders and investors can consider for their investments. Below are some UK stocks that pay the highest dividend on investment.
• Rio Tinto Group (NYSE:RIO).
• Persimmon PLC (LSE:PSN.L).
• M & G Plc (LSE:MNG.L).
• British American Tobacco PLC (NYSE:BTI).
• Antofagasta PLC (LSE:ANTO.L).
• Imperial Brands PLC (LSE:IMB.L).
• Phoenix Group Holdings PLC (LSE:PHNX.L).
• Legal and General Group PLC (LSE:LGEN.L).
• Taylor Wimpey PLC (LSE:TW.L).
• Lloyds Banking Group PLC (NYSE:LYG).
Dividend stocks are good investment assets that traders and investors can consider when looking to build a solid portfolio and make profits.
One can consider the above-discussed platforms for purchasing their dividend stocks. We hope this article will give you enough details on the best platforms to purchase your preferred dividend stocks. Kindly visit our comment section for all your questions and clarification.
Watch the video below to know the best platforms to buy dividend stocks in the UK:
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