Cheap UK stocks are a popular choice for many investors, especially when they come with a sizeable dividend yield to generate a passive income. After all, the lower the price, the more potential room for growth over the long term.
With that in mind, I’ve spotted three companies that meet this description. And with strong tailwinds in their respective industries, I’m quite tempted to add these UK stocks to my portfolio today. Let’s explore.
5 Stocks For Trying To Build Wealth After 50
Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.
But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.
Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…
We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio.
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A top UK mining stock that doesn’t do any mining
The mining industry is hardly a simple area to operate in. Apart from needing all the engineering and ecological expertise, finding, developing, and extracting resources from the ground is fraught with uncertainty. That’s what makes Anglo Pacific (LSE:APF) so interesting to me.
The firm doesn’t engage in any of the typical mining activities. It instead simply provides funding for other leading businesses, like Rio Tinto, to establish a mining site. In exchange for this financial support, they receive a portion of extracted materials as a royalty payment.
That still means the company is exposed to the risk of fluctuating commodity prices. However, it doesn’t have to contend with the extensive risks associated with exploration.
Today this UK stock trades at 131p and offers a chunky 6.6% dividend yield. And after recently adding cobalt to its mineral portfolio, the firm looks primed to continue delivering a large passive income thanks to surging demand for electric vehicle batteries.
Generating a passive income with wind
With global warming becoming an increasing problem, the shift towards renewable energy sources has been accelerated. And with the technology becoming cheaper and more reliable, Greencoat UK Wind (LSE:UKW) is enjoying some favourable tailwinds.
The company owns both on- and offshore wind farms across …….