PayPoint’s high yield still looks safe to us
The days when corner shops could be run with manual tills, a pricing gun and a paper ledger are long gone. Customers expect the range of electronic services made possible by PayPoint's terminals. That helps explain why the digital payments provider issued a positive outlook statement alongside its trading update which revealed the extent of the challenges retailers have faced during lockdown.
Last week we considered potential winners and losers in the UK high street retail sector. While there are some stocks we'd be prepared to own, the outlook is mixed and uncertain at best. For investors seeking reliable dividend income and attractive yield, we think it makes sense to restrict retail exposure to those companies offering essential services.
Our Income Boosters portfolio contains two such stocks. One of these, payment services firm PayPoint (LON:PAY), has…
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