I have been searching the London stock market for passive income stocks to add to my portfolio. I am looking for companies with high dividend yields and the ability to consistently pay out dividends over time. Two stocks that have caught my eye are Alternative Income REIT (LSE:AIRE) and M&G (LSE:MNG).
Alternative Income REIT is a real estate investment trust that invests in various sectors such as leisure, retail, healthcare, and residential properties. This diversification provides stability to its profits and dividends, making it an attractive option for income investors. At its current price of 68p, Alternative Income REIT offers a dividend yield of 9%.
M&G is a financial services giant that serves around 5 million customers. With the aging population, there is significant potential for growth in its customer base as demand for savings and investment products increases. However, the competitive nature of the financial services market could impact M&G’s profit margins and growth potential.
Overall, both Alternative Income REIT and M&G are compelling options for investors looking for passive income stocks with high dividend yields. Consider adding them to your portfolio for potential long-term growth.