FTSE dividend stocks play a meaningful role in my investing strategy. They enable my portfolio to generate income, which I can choose to either spend or reinvest (acquire more dividend-paying shares).
In October, I’m looking forward to investing more money in HSBC (LSE: HSBA). Here’s why.
A high-yield dividend stock
The global banking giant is offering a very attractive dividend these days. It has a yield of 7%, which is around double the FTSE 100 average. While no dividend is assured, the prospective payout looks well-covered.
According to news sources, HSBC plans to sell its South Africa assets. This follows the lender’s move out of Argentina, France, and Canada. The reason is that it wants to focus on Southeast Asia and China.
This strategy makes sense, given that the region is home to more than half the world’s population and some of its fastest-growing economies. These include India, Vietnam, and…
