2 FTSE 250 dividend stocks I’d buy and hold for a long time

When shopping for a dividend inventory for the long time period, I’m within the firm’s potential. (*2*) with excessive potential usually tend to earn me a passive revenue for a long time than those who function in slowing or static markets.Green power inventory with wholesome dividend yieldTo that extent, I just like the FTSE 250 inventory Greencoat UK Wind (LSE: UKW). There is little debate that inexperienced power is the longer term. And Greencoat UK Wind is true within the coronary heart of this power evolution. It is a fund with investments in 38 wind farms throughout the nation. It additionally has a wholesome dividend yield of 5.3% and pays dividends dependably yearly.Its dividend cowl, which is the online money generated as a proportion of the dividend payout, is barely decrease than desired at 1.3 instances, for 2020. Healthy cowl ought to be a minimum of 1.5 instances. I’d be involved about this, however the firm gives a good rationalization. In its newest annual report, Greencoat attributes this largely to decrease energy costs through the pandemic. It additionally says that its outlook “could be very encouraging”.I feel the outlook can also be good for its share value. The inventory has taken a hammering, with an 8% loss in worth as of at present in comparison with the identical day final 12 months. This is in stark distinction to the pre-pandemic pattern of a rising share value. But I reckon issues can enhance for it now that the financial system is again.Gold is a long-term hedgeAnother FTSE 250 inventory I like is gold miner Centamin (LSE: CEY). I do know this sounds contrarian proper now, when the enterprise cycle is choosing up as soon as once more, however it’s not.I feel gold and gold-related investments are good to hold over the long time period as a result of our investments are at all times topic to cycles. So when the subsequent downturn comes alongside, I need some protected bets in my portfolio. Since its share value has halved to 110p from its highs final 12 months, now’s a good time, for my part, to buy Centamin. If I wait a bit longer, it could even turn out to be a penny inventory!I discover it enticing from an revenue perspective. It has a dividend yield of 5.7%. And it has paid dividends constantly over the previous few years. This is encouraging as a result of it exhibits that the corporate is not only depending on a gold value upswing to have the ability to pay dividends. Indeed, a have a look at its financials signifies that it has been worthwhile over time. But final 12 months, as anticipated, was notably good.Story continuesI wouldn’t buy Centamin anticipating any important capital good points for now, or till the subsequent slowdown, although there are those that suppose in any other case. But I want to hold the inventory for passive revenue and as a hedge throughout unhealthy instances.The put up 2 FTSE 250 dividend stocks I’d buy and hold for a long time appeared first on The Motley Fool UK.More readingManika Premsingh has no place in any of the shares talked about. The Motley Fool UK has really useful Greencoat UK Wind. Views expressed on the businesses talked about on this article are these of the author and due to this fact could differ from the official suggestions we make in our subscription companies reminiscent of Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we consider that contemplating a various vary of insights makes us higher traders.Motley Fool UK 2021

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