Just released: our 3 top income-focused stocks to buy before October [PREMIUM PICKS]

Our goal here is to highlight some of our past recommendations that we think are of particular interest today, due to a combination of business performance and potentially attractive share valuation.

Mark Rogers ❯

As the Head of The Motley Fool’s UK Investing Team, Mark approaches the stock market with the same old-fashioned business instincts and values that he honed growing up around the family business. An investor for 20 years, Mark specialises in unearthing top-quality under-the-radar investments in the small-cap market. He currently serves as Director of Investing for Motley Fool UK services and Managing Director of Motley Fool UK.

Published 18 September, 2023 5:08 pm BST

| More on: DGE

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

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Our monthly Ice Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of income-focused Ice recommendations, to help Fools build out their portfolios.

“Best Buys Now” Pick #1:

Diageo (LSE:DGE)

While Diageo was formed in 1997, the history of many of its famous brands stretches back much further. Its six top brands were founded between 1759 and 1974 – showing strong staying power.
Diageo produced 6.5% sales growth to £17.1bn in its latest fiscal year, despite weak volume performance, as the company passed through price increases.
New CEO Debra Crew, who replaces the late Sir Ivan Menezes, is expected to continue to take “strategic pricing actions”, reflecting Diageo’s brand strength and its reliance on high-income customers.
Its performance reflects its outstanding portfolio, continued investment in brand-building, and its agile supply chain.
Some 60% of net sales are estimated at being from the premium-plus segment – such as Aviation American Gin and 21Seeds flavoured tequila – potentially providing some resilience to the macroeconomic environment.
The company currently offers a trailing yield of 2.6%.

“Best Buys Now” Pick #2:

Redacted

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Should you invest £1,000 in Assura Plc right now?

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