ii: Investors continue hunt for income in May

Passives dominate open-ended

Investors have continued the hunt for income over the course of May, with high yielding stocks and investment trusts topping the tables of interactive investor’s platform purchases for the month.

With a dividend yield of 10.1%, Vodafone topped the table of single equity purchases, followed by a range of other high yielding stocks, including Legal & General (8.5%), Rio Tinto (8.3%), Aviva and Glencore, both with a 7.9% yield. Head of markets at ii Richard Hunter noted the "investor entrenchment" represented by the presence of these stocks, adding the yield remains "well in excess of cash equivalents". Global dividends hit record $1.6trn in 2022 Alongside the income-paying stocks, investors continue to take a punt on more speculative bets and the potential recovery return ava...