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£20k in savings? Here’s 1 stock that could unlock a £1,600 passive income in the next year
['John Fieldsend', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
And with the forward yields of some of the FTSE 100's most attractive dividend stocks pushing towards the 8% mark, that could mean a £20,000 stake turns into an income of £1,600 in the next year alone.
Talked aboutOne of the most talked-about dividend stocks right now is FTSE 100 insurer Legal & General (LSE: LGEN).
There is dividend growth to throw into the mix as well.
This means investors haven't just been enjoying some of the biggest dividends going; dividends have been rising as the years go on as well.
This is perhaps one reason why Legal & General shares have stuttered of late despite one of the best dividends going.