Best High Dividend Stock for 2024: IG Group (Passive Income)

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So a big part of this channel is in sharing my own personal investing journey, and that includes reviews of my full investing portfolio, as well as the passive income that i earn from dividends, but what it also includes is my own views and breakdowns of companies in the market and whether i think they would be good investments. And what stocks to buy in 2024.

Well, I have just come across a share that I personally think is showing some good value and that has the potential for some good growth in the future, and in the present is paying some pretty nice dividends as well. So in this video we’re going to take a look at the company, break down it’s performance and future prospects

The share that I have been looking at is called IG Group, and IG Group is essentially a UK company that provides platforms for investing, trading and various other types of investing instruments. In some ways it’s similar to your easyequities or Robinhood or platforms like that.

What first drew me to this company, is it’s dividends, because as you might know, I enjoy dividend investing and growing a passive income for myself and quite a few shares in my portfolio are geared towards paying good dividends, with the share price considered as well. And currently IG Group is paying around 6.3% in dividends a year

I am always on the look out for companies with good dividends, and also has the potential for decent to good share price growth as well. And that’s when i started to look at the IG Group share price graph. So as you can see here, IG Group’s share price over 19 years has grown by a bit over 500%, and some basic maths will tell us that this is a price growth of on average 26% a year, which is pretty good in my books. In fact over the last 5 years, if you include dividends it has performed about the same as the S&P500. So if you are a long term investor, like me, then over the long term you expect that it could have some decent share price growth.

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