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As the end of the tax year looms, many investors will be hunting for dividend shares to add to their Stocks and Shares ISA.
Three FTSE 100 passive income stocks stand out: M&G (LSE: MNG), Phoenix Group Holdings (LSE: PHNX), and Legal & General Group (LSE: LGEN).
They offer incredible passive income of around 9%. But are their yields too good to be true?
M&G shares pay massive income
Wealth manager M&G has a trailing yield of 9.88%, the highest on the FTSE 100. But it’s not the full story. When buying shares, capital is at risk. And the returns on M&G shres have been volatile.
The share price has dipped 7.76% over the past year. However, it has climbed an impressive 50% over five years.
Throw in that yield and long-term investors have doubled their money. But past performance figures are slippery things. Five years ago, the first pandemic lockdown was in full swing,…
