Calling ISA investors! 2 UK shares I’d buy today to make a growing passive income

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Peter Stephens owns shares of BHP Group. 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. Simply click below to discover how you can take advantage of this. Calling ISA investors! 2 UK shares I’d buy today to make a growing passive income 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. Image source: Getty Images. See all posts by Peter Stephenscenter_img Enter Your Email Address “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. Peter Stephens | Tuesday, 6th October, 2020 | More on: BHP NG Making a passive income has been a challenge for ISA investors in 2020. Many FTSE 100 and FTSE 250 shares have cut or cancelled their dividends in response to coronavirus and the market crash.However, a number of companies continue to pay attractive dividends that could improve your level of income.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…Here are two such examples. They could be worth buying today and holding for the long run as part of a diverse portfolio of shares.A resilient passive income opportunityNational Grid’s (LSE: NG) robust business model could make it an attractive means of making a passive income in 2020. The utility company has a long track record of being relatively unaffected by periods of weak economic growth. Therefore, it may be able to offer modest dividend growth in the coming years.Its recent results showed it’s making progress in becoming more efficient. For example, £100m in savings were delivered in the most recent 12-month financial period. It’s also investing heavily in its asset base, with record capital expenditure of £5.4bn.Looking ahead, National Grid expects to deliver asset growth of 5-7% per annum. It also anticipates Covid-19 won’t have a material impact on its financial performance in the long run.As such, now could be the right time to buy while it offers a dividend yield of 5.4%. It could prove to be a solid passive income option at a time when many FTSE 100 and FTSE 250 companies are facing challenging prospects. And that may impact on their capacity to pay rising dividends in the coming years.A FTSE 100 growth opportunityBHP (LSE: BHP) may not be an obvious choice when it comes to making a passive income during a period of weak economic performance. After all, commodity stocks have historically been negatively impacted by slowing global GDP growth.However, the diversified mining company’s financial prospects are relatively encouraging. For example, it’s forecast to post a 4% rise in net profit next year. And, with its recent results showing it has a solid financial position, it seems to be well-placed to deliver improving profitability in the long run.In terms of BHP’s passive income potential, the company’s dividend yield currently stands at around 6.3%. This is higher than the income returns available across much of the stock market. It suggests the stock offers a wide margin of safety. That means it can produce an attractive income return even if it experiences an increasingly difficult outlook.Of course, over the long run, the prospects for a global economic recovery seem to be relatively bright. Therefore, alongside its income potential, BHP could deliver an attractive rate of capital growth that helps to grow the size of your ISA portfolio. This could make it easier to generate a worthwhile income in older age. 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.last_img

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