Stock market crash: I’d buy this 8.8%-yielding UK share for my Stocks and Shares ISA right now

first_img Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild | Tuesday, 3rd November, 2020 | More on: PSN Stock market crash: I’d buy this 8.8%-yielding UK share for my Stocks and Shares ISA right now Simply click below to discover how you can take advantage of this. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address 2020 has proven to be a challenging year for dividend investors. Literally hundreds of UK shares have reduced or axed shareholder payouts in the wake of the Covid-19 outbreak. Rising infection rates, and the consequences for corporate profits, mean that further rounds of drastic action could be around the corner too.This is no reason for UK share investors to throw in the towel though. There are still stacks of top stocks in great shape to pay big dividends in the near term and beyond. Indeed, the 2020 stock market crash leaves plenty of these dividend heroes boasting eye-popping yields. There’s no shortage of income shares I’m considering buying for my own Stocks and Shares ISA today.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A top UK share for dividend investorsPersimmon (LSE: PSN), for one, could prove to be a wise buy before its next trading update on Tuesday, November 10. Intense economic uncertainty and the pulling of low-deposit mortgages by Britain’s lenders has done little to water down electrifying homebuyer demand. This is why the latest Nationwide house price index showed home values rocketing at their fastest rate for almost six years in November.Getty ImagesFTSE 100-quoted Persimmon illustrated this fertile trading environment in its August half-year report. Then it said that its order book of £2.5bn was up more than a fifth from the same point in 2019. It said that average weekly private sales rates per site since the beginning of July had soared by 49% too. Put simply, there aren’t enough homes being built to meet demand. So those properties provided like this particular UK share continue to sell like hotcakes.Positive trading updates from other housebuilders suggest that trading conditions keep improving too. Take Crest Nicholson as an example. On Tuesday, the FTSE 250 builder described current sales rates as “robust” and said that sales were better than before the Covid-19 lockdown in the spring.Trading has been so strong that the UK share upgraded its full-year expectations for the 12 months ending October 2020. I’m confident that Persimmon could well put out a consensus-beating statement of its own in the coming days.8.8% dividend yields!It’s no wonder City analysts expect Persimmon to rebound strongly from 2020 when lockdown measures hammered construction rates and consequently profits. They reckon the UK share will record an 8% improvement in annual earnings next year, with sales supported by low interest rates and ongoing government support like the stamp duty holiday and Help to Buy equity loan scheme.This leaves the FTSE 100 colossus trading on a rock-bottom price-to-earnings (P/E) ratio of 10 times for 2021. However, this isn’t the only reason why Persimmon is such a top pick for value chasers. Brokers expect that the annual dividend will soar from around 120p per share in 2020 to roughly 204p next year. And as a result the yield leaps from a meaty 5.2% for the current period to 8.8% for 2021. See all posts by Royston Wildlast_img read more

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