2 cheap FTSE 250 shares I’d buy in June for a £2,020 passive income!

Date:

Image source: Getty Images

The FTSE 250 has climbed 5% since the start of quarter two. Yet despite these healthy gains, many top UK shares on the index still look mega-cheap.

Today I’m looking for low-cost shares that could help me make a brilliant second income. The following two have flashed up on my radar:

FTSE 250 stock

Forward P/E ratio

Forward dividend yield

Bluefield Solar Income Fund (LSE:BSIF)

9.1 times

8.5%

NextEnergy Solar Income (LSE:NESF)

10.9 times

11.6%

A £2,020 passive income

Dividends are never, ever guaranteed. But if broker forecasts prove correct, a £20,000 investment spread across both companies could net me a £2,020 passive income this year.

I’m confident these companies will make good on current dividend forecasts, too. I also think there’s a great chance they will grow their dividends over time. Here’s why.

Spectacularly cheap

I believe NextEnergy Solar Fund could be one of the greatest cheap dividend stocks on…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...