Investors looking for a second income need look no further than UK shares. They currently offer a very high dividend yield, making them an excellent choice.

Right now FTSE100 has a yield of 3%, while FTSE250 has one of 3.3%. So let’s take a look at some of the individual companies in these indexes to see which ones might be a good option for extra income.

High Yielding UK Shares

I’ve created a list of 10 high-yield UK stocks in the FTSE 100 and FTSE 250 that I think are worth further consideration:

• Legal and General Group: 7.7%
• Aviva: 6.2%
• British soil (LSE:BLND): 5.5%
• NatWest Group: 5.2%
• ITV: 6.2%
• Greggs: 4.2%
• BP: 4.8%
• Sainsbury’s: 4.4%
• British-American tobacco: 5.3%
• Pizza Domino Group: 6%

I’m not a fan of all the above companies. For example, I believe that British American Tobacco is facing many difficulties due to the decline in the number of smokers. Greggs is struggling with growth.

However, they all provide great passive income.

NatWest Group and British Land in particular have price-to-earnings ratios below 10. This, combined with high earnings, makes their shares seem quite attractive to me.

Let’s take a closer look at the opportunities with British Land shares.

A second chance for income

Currently, if we take into account the final UK Land dividend due in July and the interim dividend paid in January, it pays out a total of 23.12p per share per year.

Now, if an investor wanted to earn an extra £150 a month, they would need to buy 7,786 shares of the company. Based on the current share price of 414.2p, this will cost a total of £32,249.61.

I understand that not everyone has enough free funds to invest. Furthermore, dividends are not guaranteed. However, I’m sure readers will agree that it’s not a bad way to make some free money.

What’s even better is that the company has a decent set of fundamentals that could facilitate it grow its dividend over time.

Business is good!

There are some significant threats to the British country, most notably artificial intelligence. The company owns and rents office space and city logistics, and the former’s demand could be at risk if artificial intelligence replaces many office positions.

While we haven’t seen it have a huge impact yet, we’re only at the beginning of the AI ​​revolution, so anything could happen with office work as it progresses.

That said, there are many catalysts currently influencing the company’s growth. This may change over time, but as ironic as it sounds, AI companies are currently accelerating their growth and looking for offices to rent in London.

British Land has 5% of the central London office market and is reporting the highest occupancy levels in the capital for 20 years.

This helped enhance the company’s profits. It reported an enhance in operating profit of 5% to £294m in the year ended March 2026. It also indicated that earnings per share would enhance from 28.9p in 2026 to 30.5p in 2027 and would grow by 3-6% annually thereafter.

This should more than support and facilitate grow the dividend over time. I already have contact with this industry, but I still think that its shares are worth investing in.

Is it worth investing £5,000 in British Land 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 British Land Plc is on the list?

Muhammad Cheema does not hold any position in the companies mentioned.