Gold doesn’t pay interest! I’d buy these 2 FTSE 350 dividend stocks for a rising income

first_imgGold doesn’t pay interest! I’d buy these 2 FTSE 350 dividend stocks for a rising income Image source: Getty Images People are piling into gold right now, with BullionVault reporting that one UK investor used their smartphone to buy almost £1m of the precious metal in a single trade, via its mobile app. I would urge caution though.The gold price recently hit a seven-year high of $1,700 an ounce, but has fallen since then. The precious metal always shoots up in times of trouble, but can fall back just as quickly, once the immediate danger passes. If markets feel confident that the coronavirus has been contained, the gold price could swiftly fall even further.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…Personally, I wouldn’t hold more than 5% of my portfolio in gold, which pays zero interest or dividends, with price growth entirely dependent on investor sentiment.Balfour BeattyI would invest most of my money in a balanced portfolio of top UK companies, using the tax-efficient Stocks and Shares ISA allowance. Right now, I am tempted by the Balfour Beatty (LSE: BBY) share price, which is up a massive 16% today after it reported an 8% increase in group underlying profit from operations to £221m in its full-year results.The FTSE 250 construction group also reported a 52% increase in year-end net cash to £512m, a 13% increase in its order book to £14.3bn. It is still in recovery mode after issuing a series of profit warnings, and surviving a takeover bid by Carillion in 2014, which was a lucky escape.Management has been working on cutting costs and narrowing its focus on profitable, workable projects, mostly in the UK and US. Today, it rewarded loyal investors by hiking its dividend 33% to 6.4pGroup CEO Leo Quinn hailed its efforts in creating a scalable business with an increasing order book, that should drive “profitable managed growth and cash generation on a sustainable basis”. The group is paying down around £150m of borrowings in 2020. Balfour Beatty should also profit from HS2.The share price is stabilised but you can still buy it at just 9.1 times forward earnings, and get a forecast yield of 3.4%, nicely covered 3.2 times by earnings. These could be bumpy times for the economy and construction, depending on how the coronavirus pans out, but if you are brave and optimistic, Balfour Beatty could offer long-term capital growth along with a rising dividend income stream.Barratt DevelopmentsOr you might prefer to invest in the Barratt Developments (LSE: BDEV) share price instead. This was rising steadily until the recent market panic, but today’s move to slash interest rates could give it a lift by making mortgage borrowing cheaper, and easing the pressure on household finances, to keep the housing market buoyant.Last month, Britain’s biggest housebuilder reported the highest half-year home completions in 12 years, up 9.1% to 8,314 in total, while revenues rose 6.3% to £2.67bn, and profit before tax climbed 3.7% to £423m.The £6.9bn group trades at just 9.8 times forward earnings and offers a hugely generous forecast yield of 6.4%, covered 1.6 times by earnings. Despite a post-Brexit referendum dip, the Barratt share price has grown steadily for a decade, and falling interest rates should help it through today’s worries. I would buy it ahead of gold. Our 6 ‘Best Buys Now’ Shares 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. “This Stock Could Be Like Buying Amazon in 1997” Harvey Jones has no position in any of the shares mentioned. 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. 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.center_img Simply click below to discover how you can take advantage of this. See all posts by Harvey Jones 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. Enter Your Email Address Harvey Jones | Wednesday, 11th March, 2020 | More on: BBY BDEV Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img

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