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£14,285 in savings? Here’s how to unlock a £1,000 passive income
['Jon Smith', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Its elevated dividend yields provided cash payments, albeit with higher potential risk.
So if someone has £14,285 in savings, here's how a four-figure income could be generated.
Let's say someone targeted a dividend yield in between the two options, at 7%.
The share price is up 8% in the past year, with a current dividend yield of 7.14%.
Part of what has helped the share price performance over the past year is strength in the supermarket sector.