In order to identify some of the highly liquid British stocks I used the S&P; United Kingdom Index. This index is a subset of the S&P; Europe 350 and tracks the performance of highly-liquid equities in different sectors.

The median market cap of constituents in the index is about 4.81 £ Billion. The top 10 holdings account for about half of the market cap of the index.

The Top 10 highly-liquid constituents are noted below with their current dividend yields:

1.HSBC Holdings Plc (HBC)
Current Dividend Yield: 3.07%

2.Vodafone Group (VOD)
Current Dividend Yield: 6.33%

3.BP Plc (BP)
Current Dividend Yield: N/A

4.Royal Dutch Shell PLC (RDS.A)
Current Dividend Yield: 5.17%

5.GlaxoSmithKline (GSK)
Current Dividend Yield: 5.20%

6.Rio Tinto Plc (RIO)
Current Dividend Yield: 1.33%

7.Royal Dutch Shell PLC (RDS.A)
Current Dividend Yield: 5.22%

8.BHP Billiton Plc (BBL)
Current Dividend Yield: 2.54%

9.British American Tobacco Plc (BTI)
Current Dividend Yield: 2.75%

10.AstraZeneca Plc (AZN)
Current Dividend Yield: 2.77%