There are several tactics investors can use to earn a chunky second income. But one of the easiest is to snap up dividend shares while they’re cheap. After all, when dividends are high and prices are low, the yields can be mouth-watering.
Looking at the FTSE 100 today, there are still plenty of companies that fit this bill, especially in the real estate sector. Publically traded landlords are often priced based on the market value of their properties. And with interest rates sending market prices into the gutter, many of these businesses have seen their valuation slashed.
That includes Londonmetric Property (LSE:LMP) which, despite market conditions, has continued to hike dividends for nine years in a row.
Big yields, small prices
With the shares trading near 200p and dividends at 10.65p, investors in Londonmetric are currently reaping a market-beating 5.2% yield. So if I were to buy 10,000 shares right now,…
