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There are lots of shares on the FTSE 250 with high yields and rock-bottom prices. Unfortunately, each of these two factors is a result of the other — as the price drops, the yield rises.
Of course, everyone likes a high yield especially if it’s at a bargain — but that’s not always a good thing. The price could just keep dropping until the company goes bankrupt. When looking for dirt cheap shares with dividend potential, it’s critical to assess the long-term viability of the company.
Shares in the price-comparison media platform MONY Group (LSE: MONY) are down 23% in the past year. I recently bought some of the shares when the price fell to a two-year low a few months ago. However, it’s been slow to recover so it still looks like a good bargain.
The key driving factors behind my decision remain in place, a 6.5% dividend yield, decent earnings growth potential and future Read more…
