9.4% yield! A magnificent dividend stock I’d buy to target a lifelong second income

I believe investing in UK shares is the best way to make a second income. As we’ve seen, a diversified portfolio of stable, financially-robust FTSE 100 and FTSE 250 stocks can create a lifetime of abundant passive income. At the moment, I’m looking for dividend stocks to help me grow my Stocks and Shares ISA. The dividends I receive are reinvested in more shares, which pay me even more dividends for me to invest again. And so the cycle goes on which, over time, allows me to significantly expand the size of my portfolio. Once I’m retired, I’ll be seeking a passive income to help me fund my everyday expenses and pay for some (hopefully regular!) luxury treats. Given rising uncertainty over the State Pension, targeting a second income from dividend stocks seems like a clever move. The London stock market is packed with companies that have long and distinguished dividend records. Some offer huge dividend yields for this year and beyond too. So which ones should I choose? Here’s one on my watchlist today. Investing in renewable energy stocks could be an effective way to build long-term income. Demand for green power is rocketing as steps to tackle the...

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