There are quite a lot of cheap-looking shares even within the prime flight of the UK inventory market proper now. Not solely that, however a few of them have a horny dividend yield as well.

Whereas the common FTSE 100 yield is at present round 3.6%, the trio of UK shares I’ve highlighted for traders to contemplate every affords a yield of 6.6% or increased.

British American Tobacco

For starters, there’s a enterprise sector that’s perennially in style with dividend lovers: tobacco.

British American Tobacco (LSE: BATS) is the pressure behind a lot of well-known manufacturers globally, similar to Fortunate Strike and Rothmans.

Tobacco is huge enterprise, however not with out its challenges. The well being dangers are well-known, and fewer and fewer individuals are taking up smoking cigarettes.

Nonetheless, whereas declining cigarette gross sales pose a critical danger to revenues and income for British American, it’s scrambling to develop non-cigarette gross sales. Its premium model portfolio and distribution community might assist it there.

Cigarette gross sales additionally stay substantial, with the agency shifting near 10bn cigarettes every week on common. This UK share has raised its dividend yearly for many years and at present yields 7.7%.

Authorized & Normal

The dividend-raising observe document of fellow FTSE 100 share Authorized & Normal (LSE: LGEN) is much less constant.

It held its dividend per share flat one yr through the pandemic and lower it after the 2008 monetary disaster. Its present objective is to develop the dividend per share yearly by 2%. The yield is already a tasty 8.8%.

Is such a excessive yield a pink flag?

Perhaps. Authorized & Normal has been a weak performer in some methods. Certain, its share price is up 32% in 5 years, which sounds spectacular. However that’s under blue-chip UK shares total: the FTSE 100 index has risen 49% throughout that timeframe.

Plans to promote an enormous US enterprise might assist help the dividend for now, however danger decrease income in future.

Nonetheless, I like the corporate’s strategic give attention to retirement-linked monetary providers, its confirmed enterprise mannequin, sturdy model, and enormous buyer base.

WPP

One UK share I just lately bought for my very own portfolio after a share price crash is advert community large WPP (LSE: WPP).

The share price has leapt by a fifth in little over a month, however continues to be down by a 3rd since mid-December.

At that price, the yield is 6.6%. The corporate has held its dividend per share flat since slicing it through the pandemic.

That doesn’t look like an indication of confidence and certainly WPP faces a number of dangers, with an financial downturn and AI each threatening demand for a few of its providers.

Nonetheless, whereas promoting is evolving, it isn’t going away. WPP’s giant company of networks, deep experience, and huge consumer roster all stand it in good stead to grab future alternatives, I reckon.

That may very well be good without cost money flows and assist maintain the dividends coming.