9%+ dividends! 3 high yield UK shares I’d buy today – Yahoo Finance UK

I am looking to boost my passive income streams this year by finding dividend shares to buy. There are some high-yield shares I would buy for my portfolio today if I had spare cash to invest. Here are three of them.
Fund manager M&G (LSE: MNG) was a bit disappointing for shareholders, including myself, last year, slipping 8% in value over the past 12 months. More positively though, the company delivered on its objective of maintaining or raising the dividend. Currently the yield is a juicy 9.6%.
One reason the shares fell last year is investor nervousness about the asset management sector. A worsening economic environment could push down asset values, adding to investor withdrawals. That might hurt revenues and profits.
However, I think the shares offer good value for my portfolio. M&G is a well-established brand, demand for financial services is set to remain strong over the long term and the business has proved it can be consistently profitable, albeit earnings last year fell sharply compared to the prior 12 months. That concerns me, but with a long-term investing mindset I see the current M&G share price as a buying opportunity for my portfolio.
I would also buy Direct Line (LSE: DLG) for my portfolio if I had spare funds to invest.
The insurer is a household name. It also benefits from resilient demand as most people will insure their homes and motor vehicles no matter what happens to the wider economy. By sticking to mainstream insurance lines, the firm is able to avoid the outsized losses that can hit rivals who underwrite catastrophe insurance and the like.
The company yields 9.8%, meaning that if I put £1,000 into its shares today I would hopefully generate almost £100 in annual passive income. One risk I see is falling profits if the company loses customers, as happened in the first half. Hopefully, in the long term, Direct Line’s strong brand and deep commercial experience will enable it to remain highly profitable.
Another of the high yield shares I would add to my portfolio if I had spare cash is the Income and Growth Venture Capital Trust (LSE: IGV).
Its yield of 10.4% is certainly attractive to me, although the dividend tends to move around based on the performance of the trust’s investments. It puts money into a variety of growing companies early in their development and tries to benefit from their success.
Such a strategy involves a risk that the trust loses money on some of its investments. Hopefully though, it may also get in early on some great opportunities, as it has done in the past. That can help the firm pay out dividends to shareholders.
While I am also hopeful of the opportunity for capital growth, in the past year the share price has actually fallen 16%. Income is the main attraction for me here and the falling share price has led to a higher yield.
The post 9%+ dividends! 3 high yield UK shares I’d buy today appeared first on The Motley Fool UK.
More reading
5 Stocks For Trying To Build Wealth After 50
6 Shares That Could Be The Biggest Winners Of The Stock Market Crash
One Top Growth Stock from the Motley Fool
C Ruane has positions in M&g Plc. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
Motley Fool UK 2023
I think these dividend shares could be too good to miss following recent share price weakness. Here's why I think they could boost my passive income. The post Yields of 2.9% and 9.4%! 2 FTSE 250 dividend stocks I’d buy to boost my passive income appeared first on The Motley Fool UK.
Fenway Sports Group's approach to recruitment could see Liverpool boss Jurgen Klopp lose Roberto Firmino this summer, according to reports.
The Reds' prospects of signing an all-action midfielder have received a major boost amid claims the player has told friends he wants to move to Anfield
Passive income is money you make with minimal time and effort – it’s when your money or your assets effectively work on your behalf to boost your income. Here are some of the best ways to earn passive income in 2023. The amount you receive is known at the dividend yield, which is calculated by dividing the company’s share price by the annual dividend.
Jon Smith takes a look at the company directors that have been buying their own shares, with a focus on income stocks for him. The post 3 income stocks being bought by the company directors appeared first on The Motley Fool UK.
Our writer is already using this passive income plan to boost his earnings. He thinks 2023 could be a great year for him to continue the strategy. Here's why. The post 2023 could be a brilliant time to use this passive income plan! appeared first on The Motley Fool UK.
Are Real Estate Investment Trusts the best way to invest in property? Stephen Wright thinks so and has three REITs on his list of stocks to buy in 2023. The post 3 REITs to buy for passive income in 2023 appeared first on The Motley Fool UK.
Birkin bag maker Hermes is opening a new, enlarged store in China's Nanjing city, signalling the luxury industry's confidence in a strong return of Chinese shoppers after three years of tough COVID-19 restrictions. Hermes, which first opened a store in the city in 2010, has now relocated to the upscale mall Deji Plaza, with a wider product selection spread across two floors, from silk scarves to leather goods, as well as home decor, jewellery and clothing. European luxury houses have continued to invest in China, expected to become the sector's largest market by 2025, despite a turbulent year marked by disruptions as the country imposed strict curbs to contain the spread of the coronavirus.
Dr James Fox investigates whether he should snap up Tesla stock after it lost 68% of its value in a year. Star stock-picker Cathie Wood is buying. The post Tesla stock correction: should I follow Cathie Wood’s dip-buying spree? appeared first on The Motley Fool UK.
The consumer group found that people had saved significant sums when switching providers, but some had not attempted to haggle or switch.
The chief executive of Channel 4 has denied it is a Left-wing version of GB News and defended its often-critical coverage of the Government after winning a battle against privatisation. Alex Mahon insisted the station did not give too much credence to Left-wing voices, adding that there were a “wide range of views in the newsroom”.
Getting shot, standing in a downpour, being surrounded by bees: None are ideal, but for gamers, feeling the sensations of each is the goal.
This week the chancellor performs his latest Scrooge act with a revamp of the energy bill relief scheme – and the signs aren’t good
The Global PCR Technologies Market size was estimated at USD 4,191. 11 million in 2021 and expected to reach USD 4,567. 06 million in 2022, and is projected to grow at a CAGR 9. 22% to reach USD 7,116.New York, Jan. 06, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "PCR Technologies Market Research Report by Technique, Product Type, Application, End-user, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19" – https://www.reportlinker.com/p06301419/?ut
Dr James Fox explains why he'll continue buying Lloyds shares in 2023 with interest rates likely to rise further as the year progresses. The post Why interest rate sensitivity makes Lloyds shares a buy for 2023 appeared first on The Motley Fool UK.
Semiconductor Chips Market Semiconductor Chips Market Dublin, Jan. 06, 2023 (GLOBE NEWSWIRE) — The "Semiconductor Chips: Applications and Impact of Shortage " report has been added to ResearchAndMarkets.com's offering. In this report, the semiconductor chip market has been segmented based on type, end user and geography. The report provides an overview of the global semiconductor chip market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for t
Global Test and Measurement Market 2023-2027 The analyst has been monitoring the test and measurement market and is forecast to grow by $9119. 5 mn during 2022-2027, accelerating at a CAGR of 5.New York, Jan. 06, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Test and Measurement Market 2023-2027" – https://www.reportlinker.com/p02900474/?utm_source=GNW 1% during the forecast period. Our report on the test and measurement market provides a holistic analysis
Global IPTV (Internet Protocol Television) Market Global IPTV (Internet Protocol Television) Market Dublin, Jan. 06, 2023 (GLOBE NEWSWIRE) — The "IPTV (Internet Protocol Television) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.The global IPTV (Internet Protocol Television) market size reached US$ 61.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 154.3 Billion
A mortgage price war has begun after two of the biggest high street lenders announced steep cuts to their fixed rate deals.
The regional mayor has taken levelling up into his own hands with the ‘nuclear option’ of a hi-tech manufacturing hub named for the city’s role in splitting the atom

source

Leave a Reply

Your email address will not be published. Required fields are marked *