3 UK stocks with high dividend yields

Earlier this week, I scanned the UK market for stocks with dividend yields of 7.5%, or higher. In total, 63 stocks came up. Here, I’m going to look at three of these high-yielders. Are they worth buying for my portfolio? First up, we have insurer Legal & General (LSE: LGEN). Its yield came up as 8.8% (this is a ‘rolling’ forward-looking yield, which allows me to easily compare yields on companies that have different financial reporting dates). I think Legal & General has a lot going for it from an investment perspective. For a start, the company has long-term growth potential. In the long run, it should benefit from rising stock markets (it’s a big player in the index fund market), and the ongoing corporate pension de-risking trend. Secondly, it has a great dividend track record. Last year, the company declared total dividends of 20.3p per share. This year, analysts expect a payout of 21.4p per share (a yield of about 9.1% at today’s share price). But I’m just wondering if new CEO António Simões could opt to reduce the payout in the future. Given that the company recently said it believes it has considerable opportunities available to deliver attractive...

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