‘I’m a billionaire – first step to getting rich is doing one simple thing every day’

How to aim for a second income from scratch with just £5 a day

Income-focused investors may want to consider FTSE 250 dividend stocks like Assura (LSE: AGR), for example. This real estate investment trust (REIT) owns and manages GP surgeries and primary healthcare facilities across the UK. 

It has established itself as a strong candidate for income investors, boasting a dividend yield typically between 6-8%. Better yet, it has increased its payout for 12 consecutive years — not something many companies can claim.

Adding to its appeal is a set of solid financials. Its payout ratio sits at a conservative 64%, showing dividends aren’t being stretched beyond earnings. Operating margins top 80% and its balance sheet looks solid, with debt comfortably covered by equity.