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£100,000 in a SIPP? Here’s how to unlock a second income of £7,200 overnight
['James Beard', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
One of my favourites is Supermarket Income REIT (LSE:SUPR).
Indeed, with a current (1 August) yield of 7.2%, Supermarket Income sits comfortably within the top 10% of FTSE 350 stocks.
This means someone with a £100,000 SIPP could earn £7,200 in dividends from Supermarket Income over the next 12 months.
Please sir, I want some moreIt means Supermarket Income (in common with others in the sector) is unable to build a large cash buffer.
As a result, those shareholders unable (or unwilling) to participate will see their positions diluted.