Is it time to consider this FTSE 250 12.4%-yielding dividend share?

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The FTSE 250 is full of dividend shares. In fact, as I write in early September, the index is yielding 3.38%. Perhaps surprisingly, this is a tiny bit higher than the 3.36% offered by the FTSE 100.

Some of this differential can be explained by share buybacks. So far in 2025, instead of returning cash directly to shareholders, members of the Footsie have spent £39bn buying their own shares.

Even so, those looking to boost their incomes — with cash in their hands — could consider taking a closer look at some of the highest-yielding FTSE 250 stocks.

A rising yield

One example is Ithaca Energy (LSE:ITH), the North Sea oil and gas producer, which has had a turbulent week.

Its shares fell heavily after its two of its largest shareholders — DKL Energy and Eni UK — announced on 2 September that they had sold 3% of the group to institutional investors at a 10% discount to the…

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