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We’ve seen many stocks head higher recently as investors have warmed up to the possibility of interest rate cuts next year. The FTSE 250 is up around 14.5% in the last two months alone. While that’s nice for share price gains, it does mean lower yields on many FTSE dividend stocks.
However, opportunities are still plentiful. Here are two excellent income stocks I’d buy with spare cash before the New Year starts.
Dividend Aristocrat
First up is BAE Systems (LSE: BA.). The defence stock has nearly doubled in two years, which makes it seem more like a red-hot growth share. But BAE is in fact a solid Dividend Aristocrat.
Unfortunately, the reasons for the stock’s rapid ascent aren’t so celebratory. The shocking invasion of Ukraine and the ongoing geopolitical tensions between the US and China have sent global defence budgets soaring.
As a result, the firm announced a record £66.2bn order…
