US EditionHow many Phoenix shares must an investor hold to earn passive income of £10,000 a year?
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How many Phoenix shares must an investor hold to earn passive income of £10,000 a year?
Phoenix Group Holding (LSE: PHNX) is now a standout FTSE 100 stock for investors seeking high levels of passive income. Today, it has a stunning trailing dividend yield of 8.4%. Better still, the Phoenix share price has jumped 30% in the last year. That lifts the total 12-month return towards 40%. Not bad for what I once saw as a sleepy old-school blue-chip. I hold Phoenix but donât expect it to rise like that every year. It looks decent value…
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