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As of 20 November 2025, the FTSE 100 boasts seven stocks that offer a 6% dividend yield or higher. In this article, I give a brief run-through to each, and highlight my pick of the bunch.
Seven of the best
The seventh-largest yield comes courtesy of real estate investment trust Londonmetric Property at 6.42%. This dividend has been one of the strongest growers with a five-year growth rate of 7.75% and a 10-year growth rate of 5.71%.
Our sixth entrant is Land Securities Group with a dividend yield of 6.81%. Another real estate trust, this stock pays over double the FTSE 100, which offers a current yield of 3.18% averaged across all stocks on the index.
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In fifth place is Mondi with a yield of 7.44%. The company sells a wide range of packaging and paper products, items that are likely to be in demand and secure plenty of future reliable dividends.
The fourth-largest yield comes from savings and investment firm M&G, which is paying a 7.68% yearly return through its dividend programme. Since its demerger from Prudential, this stock has been one of the consistently highest FTSE 100 yields.
In third place is insurance group Phoenix. The firm is paying a massive 8.3% yield at present. The track record is strong here too with nine years of consecutive increases, including through the crisis that was COVID-19. Forecasts look promising too, with the dividend expected to increase in both of the next two financial years.
In second place, we have financial services firm Legal & General (LSE: LGEN). On offer here is a gargantuan 9.15% yield. The danger with yields in this ‘nosebleed’ territory is the risk of the payouts being unsustainable. But this stock has been one of the highest Footsie yielders for years and is still going strong.
Speaking of danger, the FTSE 100‘s largest yield is not long for this world. Advertising firm WPP take the top spot with a 10.23% yield, but it has been cut by 50% in a strategic reset. The dividend yield is measured by payments made in the last 12 months and doesn’t take cuts, even ones that are announced, into consideration.
Still rising
What’s my number one pick? It’s one of the only stocks among the seven that I own, the 9%-yielding Legal & General!
With many years left until I retire, I’m not building a portfolio around dividends. The stocks in the above list are much more suitable for those trying to extract maximum returns from an existing nest egg. They’re less ideal for those looking for maximum growth.
But Legal & General might be the exception. The yield had stayed strong for years, over the 6% mark for much of the last decade. That yield is well covered by earnings too — a dividend cover of 1.8 looks pretty safe to me. Forecasts suggest they will keep rising in the years ahead too, a 2% increase for the upcoming fiscal year (although dividends are never guaranteed).
Those chasing growth may be unimpressed with meagre share price appreciation of late. In my view, however, the business is on a good footing. I think the share price could grow as well in the years ahead. I think it’s a stock worth considering.
