too high?
Posted: June 24th, 2022, 4:11 pm
Over on the Rio topic there was the perennial question about yields too high to be sustainable and for a HYPer uninvestable or for the never sell builders not applicable for more money.
From the top 100 here https://www.dividenddata.co.uk/dividend ... ld&order=1
I pinched this list of those offering more than 7% because I prematurely thought the yield on the 100 was around 3.5% rather than the documented 3.98%
I've got a good handful of that lot and wouldn't necessarily rule them out for a top up to my income investments just because a trend of downward sp pressure and growing dividend but a deeper check for a 5 year history of increasing dividends knocks most out. RIO, Phoenix and LGEN look unblemished and I take a view on Covid-19 halting some of the others like Barratt and MNG with forcast income nearly makes the cut.
From the top 100 here https://www.dividenddata.co.uk/dividend ... ld&order=1
I pinched this list of those offering more than 7% because I prematurely thought the yield on the 100 was around 3.5% rather than the documented 3.98%
RIO | Rio Tinto | Industrial Metals and Mining | £61,360.05 | 13.20%
PSN | Persimmon | Household Goods and Home Construction | £5,832.23 | 12.87%
ANTO | Antofagasta | Industrial Metals and Mining | £11,549.07 | 9.94%
MNG | M&G | Investment Banking and Brokerage Services | £4,955.35 | 9.46%
ABDN | Abrdn | Investment Banking and Brokerage Services | £3,538.37 | 9.00%
PHNX | Phoenix Group Holdings | Life Insurance | £6,119.37 | 7.99%
LGEN | Legal & General Group | Life Insurance | £14,089.87 | 7.82%
AAL | Anglo American | Industrial Metals and Mining | £40,944.35 | 7.72%
IMB | Imperial Brands | Tobacco | £17,269.21 | 7.68%
TW. | Taylor Wimpey | Household Goods and Home Construction | £4,128.50 | 7.36%
BDEV | Barratt Developments | Household Goods and Home Construction | £4,682.45 | 7.23%
I've got a good handful of that lot and wouldn't necessarily rule them out for a top up to my income investments just because a trend of downward sp pressure and growing dividend but a deeper check for a 5 year history of increasing dividends knocks most out. RIO, Phoenix and LGEN look unblemished and I take a view on Covid-19 halting some of the others like Barratt and MNG with forcast income nearly makes the cut.