6.9% yield! I like this FTSE 100 dividend stock as I aim for big passive income

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A dividend stock with a big yield can be a great way build up long-term income. But we don’t usually want to see a share price slump at the same time. And that’s exactly what’s happened to Land Securities Group (LSE: LAND). Just look at this share price chart, especially over 10 years…

Dividend yield boost

Land Securities is a commercial real estate investment trust (REIT). I find myself increasingly drawn to them at the moment. We’ve had share price weakness across the board, as the property market has been under pressure. That depresses asset values, makes borrowing harder, and raises the general risk of failure. No wonder the market has turned away from the sector.

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