Phil Oakley's Weekly Roundup 

Phil Oakley: Tesco offers defensive income

Phil Oakley: Tesco offers defensive income

I’ve liked Tesco as a defensive income share for some time and I still like it on this basis. At the time of writing, the dividend yield of 4.3 per cent looks attractive, with the likely bonus of a chunky special dividend to come. Don’t expect to get rich owning Tesco shares but the company looks to be one of the best sources of decent income on the UK stock market at the moment.

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