2 income stocks I’d buy following FTSE 100 dividend cuts

first_img Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” Royston Wild | Monday, 11th May, 2020 | More on: BEG UU 2 income stocks I’d buy following FTSE 100 dividend cuts Our 6 ‘Best Buys Now’ Sharescenter_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Dividends continue to fall like dominoes across the FTSE 100. BT is the latest hallowed income hero to have taken the axe to shareholder payouts. This is the first time it’s cut dividends since the banking crisis a decade ago.Make no mistake. The global economy faces the sort of meltdown we haven’t seen in modern times. When Royal Dutch Shell also chooses to reduce dividends — the first time it’s done so since 1946 — you know a truckload of pain is coming down the tracks.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A FTSE 100 starSo what are income hunters to do in these troubled times? Of course, investors need to pore over a company’s profits outlook and balance sheet a bit more carefully than usual. However, it doesn’t mean they need to be wringing their hands in fear. There are still great dividend stocks to be found today. You simply need to know where to look.Buying utilities stocks is always a good idea in turbulent economic times. These are not completely immune to a broader slowdown, of course. They face the same obstacle as some of their customers struggling to pay the bills as household budgets come under pressure. On the whole though, their earnings visibility remains supreme. It’s why United Utilities Group is expected to keep lifting dividends in the short-to-medium term by City brokers.As a consequence, the Footsie company carries a chunky 4.8% dividend yield. This makes it the best-paying of all of London’s quoted water suppliers. It can be said too, that buying one of these utilities is a better choice than investing in one of the UK’s electricity suppliers. That’s because recent regulatory developments have improved their profits outlook all the way through to 2025.Another income heroI reckon Begbies Traynor Group (LSE: BEG) is another brilliant share for income seekers. The forward yield sits at a more modest 2.8% for 2020. But I reckon its capacity to keep lifting annual payouts at a fair lick (despite the severe economic impact of Covid-19) makes it worthy of serious attention.In fact, this AIM stock is set to capitialise on the growing storm facing the British and global economies. Begbies Traynor’s earnings picture seems to improve everytime you open the paper. Latest Bank of England forecasts last week surprised even the most pessimistic of individuals by revealing that the domestic economy will likely suffer its deepest slump since the early 1700s.Demand for the services of insolvency specialists like this looks set to shoot through the roof in the months (and possibly years) into the future. Latest KPMG data shows that government support packages helped the number of corporate insolvencies fall 33% year-on-year in April. But, as the firm’s head of restructuring Blair Nimmo, comments: “In some cases, the schemes will only help to delay the inevitable.”So Begbies Traynor looks like one firm that should thrive in these tough conditions. See all posts by Royston Wild Enter Your Email Addresslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *