A dividend is only as safe as the profits and balance sheet behind it. A low payout ratio leaves room to keep paying through a bad year, and low debt means lenders do not come first. This screen lists stocks on the London Stock Exchange yielding more than 3% with a payout ratio below 60%, positive earnings and a debt-to-equity ratio below 1, highest yield first. LSE prices are quoted in pence, and the list skips thinly traded shares.
