Selling part of our income portfolio holding in Legal & General to buy Diageo may appear to be a rather strange decision. After all, the diversified financial services company is one of the FTSE 100 index’s highest-yielding stocks. Its dividend yield of 9.1pc is nearly three times that of the alcoholic beverages company.
Falling interest rates mean a lower rate of return on cash savings, but there are several stocks that can act as an alternative for income-seeking investors.
Key Insights Significantly high institutional ownership implies Legal & General Group's stock price is sensitive to...