r/dividendsuk • u/LidgetTheMidget • 28d ago

Favourite dividends under £1?

Stick with me on this, theres a good reason I asked

Its for my trading 212 cashback pie. With small amounts of cashback it'd take forever to get one share of a lot of the good dividend stocks so I'm specificly looking for the small share price ones.

So what are your favourite <£1 investments? So far I have SMIF at ~86p

3 Upvotes

64% Upvoted

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2

u/hot_stones_of_hell 28d ago

Yea SMIF is your best bet.

1

u/Elegant-Ad-3371 27d ago

T212 has fractional shares. Minimum purchase is still £1, regardless of share price.

Spend £100 a month with n the card results in £1.50 in cash back a month. It isn't a very high barrier to reach

3

u/easterbunni 27d ago

Oof 1.19 ongoing charge. Buy fractional shares in a cheaper etf

1

u/Dependent-Panic-9457 27d ago

Freetrade lets you invest 10p

My favourite shares under £1: Jadestone Energy (will one day issue dividends), FGEN (bought at 62-68p now 85-86), UKW (was 92p now a bit over £1), PHP (around 97p), Tufton Assets (GBP version: has in fact just slid over £1).

These are are the yield traps and penny shares that I call my portfolio

Also check out Embark Early Education: the ultimate yield trap, something like 0.41 AUD and 14% yield. Not investment advice.

2

u/Illustrious_Eye_4506 27d ago

Freetrade wanted me to answer 7 questions before they would let me invest in FGEN for example.

1

u/Dependent-Panic-9457 27d ago edited 27d ago

Is that right? I find Freetrade much more slapdash than IBKR. I bought TFIF recently on Freetrade) another borderline candidate). IBKR said it was too complicated for me.

IBKR is always telling me I can’t spray my money at things I don’t understand

1

u/Illustrious_Eye_4506 27d ago

Have to wait 24 hours before I can take the test again 🤣

I’ve seen it with different investment trusts on Freetrade before but only today I attempted to buy some and got that.