Stock Quotes in this Article: DEO, IGH

The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.

SAN FRANCISCO (Stockerblog) -- April 29 is the big day -- the day that Prince William will be marrying Kate Middleton at Westminster Abbey. The wedding is expected to boost the British economy to the tune of more than $1 billion.

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    Many of the publicly traded stocks based in the UK should benefit from the biggest influx of money into England since the Beatles. Plus, many of these stocks pay decent dividends. At WallStreetNewsNetwork.com, we've compiled a list of over 15 British stocks with yields of 2.5% or more.

    As an example, Intercontinental Hotels Group (IHG), based in Denham, UK, operates 64 hotels just in the London area alone. The stock trades at 15.8 times forward earnings and pays a nice yield of 3.1%. Avondale recently initiated coverage on the company a few months ago, rating it market outperform.

    Many will be toasting with Diageo (DEO) products. This is the company that makes Johnnie Walker scotch, Smirnoff vodka, Baileys Original Irish Cream, Captain Morgan rum, Jose Cuervo tequila, Tanqueray gin, Guinness stout and various wine products including Blossom Hill, Sterling Vineyards, Beaulieu Vineyard and Chalone Vineyard. The stock has a forward price-to-earnings ratio of 13.4 and sports a yield of 2.6%.

    Of course, many eyeballs will be looking at television screens for the next month, capturing every bit of gossip and news about the upcoming nuptials. British Sky Broadcasting Group (BSYBY.PK) (BSY.L) should be a major beneficiary. The stock trades at 14 times forward earnings and yields 2.6%.

    To see a list of all the top yielding British stocks, visit WallStreetNewsNetwork.com.

    At the time of publication, author had no positions in stocks mentioned.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.