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Check Out These 4 Explosive Income Plays: Admiral Group plc, Imperial Tobacco Group PLC, National Grid plc And Tullett Prebon Plc

Today I am looking four dividend destroyers set to provide smashing dividends.

Admiral Group

I believe that car insurance giant Admiral (LSE: ADM) should keep on pounding the market in the dividend stakes as premiums steadily improve. Although the firm’s industry remains intensely competitive, Admiral has unlocked the formula to terrific client retention and saw its total customer base in the UK and overseas surge 10% in the year concluding March 2015, to 4.1 million. And the business is expanding its operations in the continent to help underpin long-term growth.

Admiral is expected to fork out a total dividend of 89.8p per share in 2015, shrugging off an anticipated 10% deterioration in the bottom line. As a consequence the Cardiff company boasts an eye-popping yield of 6.2%, and this readout rises to 6.5% for next year, prompted by projections of a 94.8p payout and supported by a 6% earnings bounce.

Imperial Tobacco Group

I bought into Imperial Tobacco (LSE: IMT) on the back of its terrific reputation as a big dividend payer, and I fully expect this record to remain in tact as it doubles-down on earnings-driving brands like West and Davidoff and enters hot growth markets like caffeine strips and e-cigarettes. And critically, I expect improving consumer spending power in developing regions to cause sales to march higher again after several years of stagnation.

This view is shared by the number crunchers, and Imperial Tobacco is expected to increase the dividend from 128.1p per share in the year concluding September 2015 to 142p in the current period, producing a hefty yield of 4.3%. And forecasts of a 155.9p payment next year propel the yield to an even-better 4.8%.

National Grid

Although Britain’s major water and electricity providers face ongoing uncertainty over their profits as regulators sharpen their knives, network operator National Grid (LSE: NG) enjoys a relative life of leisure as its vertically-integrated model keeps it out of the crosshairs. As a result the London business is a much safer bet for dividend hunters, in my opinion, while I believe that rapid asset expansion in Britain and the States should light a fire under payouts in the coming years.

Current City forecasts indicate that National Grid will raise a dividend of 42.87p per share for the 12 months ending March 2015 to 44.2p in the present period, creating a monster yield of 5.2%. And with earnings expected to accelerate in 2017 a payment of 45.3p is slated, pushing the power play’s yield to an electrifying 5.3%.

Tullett Prebon

With trading conditions stabilising after recent troubles, it looks as though Tullett Prebon (LSE: TLPR) is set to get its progressive dividend policy back in play. The business announced in May that total revenues during January-April ticked 15% higher, to £284m, helped by improving trading activity in Asia Pacific and parts of The Americas. And a programme of strict cost-cutting is also helping the company recover from subdued revenues performance.

Consequently Tullett Prebon is anticipated to bounce back from four consecutive earnings dips this year, and a 7% bottom-line advance is predicted to shove the dividend to 17.2p per share, yielding a handsome 4.3% — the financial services play had kept the payout locked at 16.85p for the past three years. And a further 6% earnings increase in 2016 is predicted to drive the dividend to 17.6p, cooking up a tasty 4.4% yield.

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Royston Wild owns shares of Imperial Tobacco Group. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.