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I am looking for the best high yield dividend stocks to increase my wealth. Here are three that I’m considering acquiring in the next few days.
itv
Media companies like itv (LSE:ITV) are facing colossal competitive pressures from streaming giants like Netflix and Amazon and this is still a risk for the company. However, the success of this FTSE 250 that the company has with video on demand (VOD) suggests that this could be a good horse to bet on.
He Coronation Street and love island The station has rapidly grown its streaming subscriber base in recent years. And the successful launch of its ITVX platform in December suggests this trend is set to last. In its first two months, the system added a whopping 1.5 million new users, a jump that in turn drove total streaming hours 69% more year-over-year.
Statista analysts believe the UK streaming market will show a compound annual growth rate of 8.92% through 2027. ITV could prove to be an exceptional way for investors to take advantage of this expanding sector.
Today, the issuer has a dividend yield of 5.9%. I hope it continues to be an excellent payer for years to come.
ds smith
packing power ds smith (LSE:SMDS) is a stock I’ve owned for years. And given its 5.5% dividend yield for 2023, I’m considering increasing my stake in the business.
He FTSE 100 company provides the boxes that Amazon customers are very familiar. It also supplies the shelf-ready packaging and point-of-sale displays in which we see products wrapped in our local supermarkets.
These products are easily overlooked by consumers. But designing and manufacturing them is an exact science, and particularly as sustainability becomes increasingly important. This explains why DS Smith has been the supplier of choice for Tesco for almost four decades.
Rising paper costs are a problem for the packaging giant’s margins. But I think the potential long-term benefits of owning DS Smith shares outweigh this risk. I am especially excited about the growth of e-commerce and the boost this will give to the company’s revenue.
Bank group to be confirmed
The rapid economic expansion in Eurasia makes Bank group to be confirmed (LSE:TBCG) an attractive long-term buy in my book. The Georgian economy grew by 10.1% in 2022, according to official figures, and it looks set to continue to grow excellently.
The business, which is focused on Georgia but also has operations in Kazakhstan, is currently trading at a P/E of 4.2 times. It also has a dividend yield of 8.5% that beats the market.
TBC is the largest bank in Georgia and its market share of the country’s loans and deposits is around 40%. Earnings are growing strongly as demand for financial products takes off and net earnings here are up 24% year-over-year in 2022.
The Georgian economy thrives when there are strong conditions in Russia. This means that sanctions imposed on its neighbor by the West could hamper cyclical stocks like banks. Still, I think this risk is built into TBC’s minimum valuation.
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