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The overall FTSE 250 dividend yield is around 3.5% now, and that tells me it could be a good place to look for income stocks.
It’s not far behind the FTSE 100‘s 3.9%. And with the lower index usually having the better growth potential, it makes me think mid-cap stocks could be among today’s best buys.
I can’t help thinking ITV (LSE: ITV) might be one of them, after its share price has had such a terrible time. But that’s helped push up the dividend yield quite nicely.
Big yield
We’re looking at a forecast 8.4% now, which is huge. But it does hide some risks.
The first half of 2023 saw adjusted earnings per share drop 62%, and that reflected a couple of things. The firm partly blamed weak advertising revenues for it, and that’s always a risk.
But advertising can be volatile, and 2023 wasn’t the best year to spend too much money on it. Not when inflation’s killing the cash that people…
