Here’s how to invest £3,600 in UK shares to target a 7% dividend yield

In accordance to numerous sources, UK residents usually have a mean of £300 a month left over after hire and bills. If this cash had been saved up, it will end result in a chunky £3,600 to invest in UK shares on the finish of the yr.

That’s a first rate place to begin. Nevertheless it might go even additional if invested in a portfolio of high-yielding dividend shares.

So what would a portfolio of these sorts of shares appear to be?

10 UK dividend shares concentrating on a 7% common yield

With the appropriate choice of shares, it’s reasonable for an investor to target a mean yield of seven%. However not all dividend-paying corporations are dependable so it’s dangerous to simply decide the top-10 yielders.

Take the next listing, for instance:

Splitting an funding of £3,600 equally amongst these shares would web £252 in dividend revenue a yr. That received’t pay the mortgage, but it surely’s a helpful additional invoice lined, and it may snowball in the event you reinvest the money.

After 10 years, the annual revenue might double to over £500 (if the typical yield held).

Is ITV a good addition to this listing?

Proper now, ITV is in the highlight thanks to the expanded 2026 males’s World Cup. ITV and the BBC share UK rights, with ITV displaying 51 stay video games, together with some key England fixtures.

That’s a enormous store window for advertisers. The corporate expects whole promoting income (TAR) to be up round 10% in Q2 2026, with a notably sturdy July pushed by World Cup demand.

On the numbers, ITV seems to be attention-grabbing for revenue traders. The shares commerce on a ahead price-to-earnings (P/E) of roughly 9.5, which is cheaper than the broader market. However analysts’ consensus target value sits solely barely above at the moment’s value, at about 82.6p, so the principle attraction right here is revenue slightly than capital achieve.

Latest dividend information exhibits a ahead yield of seven.2% based mostly on value forecasts. Nonetheless, development has been stagnant over the previous three years, with the annual full-year dividend remaining persistently at 5p per share.

A few of that could be down to stiff competitors in the broadcaster world. ITV is preventing onerous for consideration in a world the place many youthful viewers now open Netflix or YouTube earlier than they even take into consideration stay TV.

Bringing all of it collectively

For me, a 7% yield target is reasonable, however provided that you’re choosy. The FTSE 100 as an index yields nearer to 3%–3.5%, so a lot of the ‘safer’ giant caps sit in the three%–5% vary, with solely a subset reaching 6% or extra. 

That’s why I’d combine sturdy blue chips with a few greater‑yield names to pull the typical up, whereas protecting place sizes modest.

ITV, with its trusted model, soccer publicity, and above‑index yield, is actually price a look as a part of that blend. Regardless of competitors from streaming providers, stay sports activities stays a key income driver for main broadcasters.

Do you have to invest £5,000 in ITV proper now?

When investing skilled Mark Rogers and his staff have a inventory tip, it may pay to pay attention. In spite of everything, the flagship Twelfth Magpie Share Advisor publication he has run for practically a decade has supplied hundreds of paying members with prime inventory suggestions from the UK and US markets.

And proper now, Mark thinks there are 6 standout shares that traders ought to think about shopping for. Need to see if ITV made the listing?

Mark Hartley owns shares in ITV, Customary Life, HSBC, British American Tobacco, MONY Group, Taylor Wimpey, and BP.