Highlights

  • MONY Group offers a 6.82% dividend yield supported by platform-based cash generation.
  • Impax Asset Management Group reports a 7.50% dividend yield amid repositioning of assets under management.
  • Phoenix Group Holdings delivers a 7.42% dividend yield linked to its long-term cash generation model.

UK dividend stocks with yields above 5% continue to draw attention from income-focused investors, particularly within the financial services and asset management sectors. MONY Group PLC, Impax Asset Management Group PLC, and Phoenix Group Holdings PLC - each offer elevated dividend yields, supported by recurring revenue streams, balance sheet considerations, and established capital distribution frameworks.

MONY Group PLC

MONY Group PLC (LSE:MONY) currently offers an annual dividend yield of 6.82%, positioning it among UK-listed companies delivering higher income distributions. The group operates a digital comparison platform spanning insurance, banking, energy, and money products, generating revenue primarily through commissions and advertising income.

In its December 2025 trading update, MONY Group reported continued customer engagement across its platforms, with operating performance supported by diversified product lines and disciplined cost management. Earlier, the company’s Interim 2025 Statement highlighted stable revenue delivery and cash generation during the period, enabling ongoing shareholder distributions. Dividend payments during FY2025 reflected the company’s capital allocation framework, with surplus cash returned to shareholders following operational requirements and investment needs

Impax Asset Management Group PLC

Impax Asset Management Group PLC (LSE:IPX) reports an annual dividend yield of 7.50%, reflecting its payout policy amid changing market conditions for sustainable and thematic investment strategies. For FY2025, Impax reported assets under management of GBP 26.1 billion, compared with GBP 37.2 billion in the prior year, reflecting net outflows and market movements.

Revenue for the year totalled GBP 141.9 million, while adjusted operating profit was reported at GBP 33.6 million. Despite lower earnings compared with FY2024, Impax declared a total dividend of GBX 12.0 per share, comprising interim and final payments, in line with its stated distribution framework. Cash reserves of GBP 64.7 million at year-end supported ongoing capital returns to shareholders.

Impax Asset Management reported assets under management of GBP 24.2 billion as on 31 December 2025, reflecting stabilisation in net outflows compared with earlier periods. The company noted that institutional redemptions were partly offset by improving trends in its wholesale channel. Impax also highlighted progress in diversifying its product offering, including expected client additions within its fixed income business.

Phoenix Group Holdings PLC

Phoenix Group Holdings PLC (LSE: PHNX) offers an annual dividend yield of 7.42%, reflecting its established role in the UK life insurance and pensions market. The group operates a closed-book life assurance model alongside pension and retirement solutions, generating long-term contractual cash flows.

Dividend payments are supported by recurring income from in-force policies and the group’s capital management framework. Phoenix has continued to focus on balance sheet discipline, regulatory capital coverage, and predictable cash generation, which underpin its dividend distributions. Share price movements over the past year have tracked broader insurance sector dynamics and interest rate expectations, with income remaining a central element of investor focus.

High-Yield Income Across UK Financial Stocks

The dividend yields offered by MONY Group, Impax Asset Management Group, and Phoenix Group highlight how UK-listed financial companies continue to deliver income above 5% across different business models. While operating in distinct segments, all three maintain dividend distributions supported by recurring revenues, capital frameworks, and operational scale, as market conditions and investor preferences continue to evolve.