Great Britain FTSE100 the index is a great place to collect the highest yielding stocks. British blue chips boast some of the most generous dividend yields in the world.

Yields of 5%, 6% or more than 7% are readily available, and with any luck, investors will also get a decent share price boost. One of my favorite stocks is a wealth management company M&G (LSE:MNG). Since I added it to my SIPP three years ago, it has provided me with tons of income and growth.

I don’t collect any of these dividends. I’ll plow everyone back into the herd to build my position. This will allow me to buy more shares, which will earn me more dividends, which I will then invest over time to buy even more shares. There will be good dividend stocks all the time compound wealth overtime.

How well are M&G shares performing?

The M&G share price is up 25% in the last year and an impressive 60% in two years. All dividends are at the top and the yield is currently 6.3%.

When I originally bought M&G, I made a staggering 10% return. So I’m doing particularly well, but I think today’s yields are still very attractive. I bought 3,028 M&G shares out of my own pocket. I purchased another 830 shares from dividend reinvestment. In total, I currently own 3,858 shares.

In 2025, M&G paid a total dividend per share of 20.5p. The management is planning a raise payments to shareholders in the future by 2% per year. This is a slower pace than previously, meaning the value could be eroded if inflation remains high. However, he starts from a high base.

In 2026, I’ll probably be paid 20.9p for each share I own. With 3,858 shares I can expect a passive income of £806. At today’s share price of 325p, this would be enough to buy a further 248 shares. Which would take my total to 4,106. If M&G pays 21.3p per share in 2027, I would receive almost £875. Not only am I making a high income here, but it’s also growing.

Dividends are not guaranteed, but this one looks solid. M&G has a Solvency II coverage rate of 242%. The company says this level is well above its long-term target operating range of 160-190%, giving it “exceptionally strong capital position”.

Will investors also benefit from the growth?

This should allow the company to continue paying its dividend even if the stock market becomes unstable and shares fall. For most companies, growth comes on and off. If dividends continue to come in regularly, this will glossy out the overall return.

M&G faces challenges. It is an vigorous fund manager and is under pressure from the growth of passive index-tracking ETFs. It earns fees from clients, some of which are based on the value of the assets it manages. If the stock market falls, these assets will be worth less, as will the fee income.

For long-term income investors, I personally believe that M&A is worth considering. The futures yield is 6.52% this year and 6.72% in 2028. With a price-to-earnings ratio of 13.4, it doesn’t look too costly either.

Is it worth investing £5,000 in M&g Plc now?

If investing expert Mark Rogers and his team have stock advice, it can pay to listen. After all, Twelfth Magpie’s flagship Share Advisor newsletter, which it has run for almost a decade, provides thousands of paying members with the best share recommendations from across the UK and US markets.

Mark believes there are 6 standout stocks that investors should consider buying right now. Want to check if M&g Plc is on the list?

Harvey Jones owns shares in M&G.