2 dividend shares to buy in April for 6%+ yields

Some of the dividend yields on offer in the UK stock market are currently tempting me. I think investing now and holding stocks for the long term can help create a significant passive income stream. I have made a list of stocks to buy in the coming months if I have the money to invest. Here are two, both of which yield at least 6%.

European Assets Trust

It seems strange considering the potential earnings of a stock that has had a large dividend cut recently. But that’s what I did.

That thing is European Assets Trust (LSE: eat). It invests in small and medium-sized companies on the Continent.

At the moment the yield on offer is 6.3%. I have found that quite attractive as a potential income stream. But the crop is what interests me the most. This happens because the trust makes annual payments based on the net asset value of its holdings at the end of the year.

So if European stocks rally, this year or later, I expect the dividend to be increased again. If you pay dividends for the past year, the dividend yield is 9.5%.

However, Europe is struggling economically. This could lead to another dividend cut and could mean European Assets Trust’s share price goes down from here.

But I remain confident about the medium- to long-term economic prospects of countries like Germany and think that confidence is well-positioned to benefit.

British American Tobacco

I already have a stake in it British American Tobacco (LSE: BATS). But if the share price continues to fall as it has done recently, I will be happy to increase my holdings in the coming months. Even at current prices I see this as a share to buy for my portfolio if I have cash to spare.

Over the past year, the stock has fallen 12%. They are down 34% in five years. But British American Tobacco has grown, despite the demand for cigarettes. Over the past three years, revenues have increased by 7%, earnings per share have increased by 17% and dividends per share have increased by 7%.

Net debt is high, however, at almost £40bn. That can be considered profitable. Decline in tobacco sales is the main risk – although the company has rapidly expanded non-tobacco sales, this remains a loss. Breakeven is expected next year but I doubt that profits will match cigarettes.

The recent share price drop means that British American Tobacco is now yielding 7.9%. At FTSE 100 The stalwart has raised its dividend every year for more than two decades. It has a progressive dividend policy, although in practice it is not guaranteed.

I regularly receive passive income from British American Tobacco – and would love to receive more! That’s why the company is on the list of stocks to buy next week.