Looking for some reliable dividend shares to boost your passive income? Here are three FTSE 100 and FTSE 250 companies that could help you target a £1,110 annual payout.
1. Unilever (LON: ULVR)
Unilever is a well-known consumer goods company that has a strong track record of paying dividends. With a current dividend yield of around 3.5%, this FTSE 100 stock could be a solid choice for income investors.
2. Legal & General Group (LON: LGEN)
Legal & General is a financial services company that is part of the FTSE 100 index. With a dividend yield of over 6%, this stock offers a high potential for income generation. The company has a strong balance sheet and a history of increasing dividends, making it an attractive option for dividend investors.
3. National Grid (LON: NG)
National Grid is a utility company that operates electricity and gas transmission networks in the UK and the US. With a dividend yield of around 5%, this FTSE 100 stock provides a steady income stream for investors. The company has a stable business model and a track record of paying consistent dividends, making it a reliable option for those looking to build passive income.
By investing in these three dividend-paying shares, you could potentially target a passive income of £1,110 per year. Remember to do your own research and consider factors such as the company’s financial health and dividend sustainability before making any investment decisions.