It’s up 8% in a week but this dividend stock still yields more than 9% with a P/E under 13!

Dividend stock Phoenix Group Holdings (LSE: PHNX) is finally getting some of the attention it deserves.

While many UK shares have been hammered by Donald Trump’s tariff threats, FTSE 100 dividend shares have escaped the worst of the volatility. Some have even made gains. Phoenix is one of them.

Its shares are up 8% in a week and 22% over 12 months. Not bad for a company often dismissed as a boring back-office insurer. With a price-to-earnings ratio of just 12.75, the shares still look reasonably priced.

Can the share price climb higher?

Phoenix runs a solid, steady business. It acquires closed life insurance books, the kind other companies no longer want to manage, and runs them down efficiently, benefitting from economies of scale.

It’s not flashy, but it works. To broaden its income base, it has expanded into pensions and retirement products. Operating in a mature…