I don’t have unlimited reserves of cash to invest in dividend shares. But here are a handful I’d like to buy for my portfolio. I believe they could provide exceptional returns for years to come.
Gr1t Real Estate Income Group
Property stock Gr1t Real Estate Income boasts truly exceptional dividend yields. They sit at 10.6% and 12.3% for the next two fiscal years (to June 2023 and 2024 respectively).
This UK share owns and operates offices, shops, factories, medical facilities, and data centres. What sets it apart from most other real estate stocks is that it invests in major African economies. These include Morocco, Kenya, and Ghana.
Robust population and GDP growth in these countries could generate exceptional returns for Gr1t investors. However, a low uptake of Covid-19 vaccines in Africa could jeopardise this projected expansion. Economic conditions on the continent were hit particularly hard by the pandemic.
PageGroup
As the global economy expands so will demand for workers. This bodes well for recruitment business PageGroup.
This UK stock boasts offices across Europe, the Americas, Africa, Asia Pacific, and the Middle East. Such a wide wingspan provides exposure to developing markets and fast-growing emerging economies alike. It also provides the business with extra strength through diversification.
I’d buy PageGroup even though it has to operate in a highly competitive marketplace. Its dividend yields sit at a healthy 4.8% and 4.1% for 2022 and 2023 respectively.
Vodafone Group
I think Vodafone Group is one of the most attractive dividend stocks on the FTSE 100. Yields here sit at 9% and 8.9% for the next two years (to March 2023 and 2024 respectively).
The telecoms firm has an excellent record of paying above-average dividends. This is thanks to the huge amount of cash its operations produce. And its balance sheet has been bolstered this year by the partial sale of its Vantage Towers business.
This, along with the largely recession-resistant nature of its operations, reinforces dividend forecasts for the medium term. Though high costs can sap profits, I’d buy Vodafone to capitalise on rising data and broadband demand across the globe.
Strix Group
Strix Group manufactures water temperature management and filtration products. But it is best known for making kettle safety controls. This is what I believe makes it such a great defensive stock to own.
The essential nature of these components in turn provides the business with excellent earnings visibility. This gives it the confidence to pay decent dividends each year. I also like Strix because it commands a huge market share in this specialist market.
Profits could suffer if the Covid-19 crisis hits its Chinese manufacturing operations. But I still believe the potential benefits of owning this AIM share outweigh this risk. Its dividend yields sit at 7.6% for 2022 and 7.8% for next year.
The post Yields of up to 12.3%! 4 dividend shares I’d buy to hold for 20 years appeared first on The Motley Fool UK.
5 stocks for trying to build wealth after 50
Markets around the world are reeling from the current situation in Ukraine… and with so many great companies trading at what look to be “discount-bin” prices, now could be the time for savvy investors to snap up some potential bargains.
But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.
Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…
We’re sharing the names in a special FREE investing report that you can download today. We believe these stocks could be a great fit for any well-diversified portfolio with the goal of building wealth in your 50’s.
setButtonColorDefaults(“#5FA85D”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43A24A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#FFFFFF”, ‘color’, ‘#FFFFFF’);
})()
More reading
- How I’d use a £20k Stocks and Shares ISA to earn over £1,000 a year in passive income
- This penny stock delivered a 1,650% return in 5 years. I think there’s more to come
- I’d act now to set up a 2023 passive income — for just £5 a day!
- £3k to invest? 3 UK shares to buy in a Stocks and Shares ISA in 2023
- 2 FTSE 100 shares I’m keeping well away from!
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Vodafone Group Public. 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.