Yields of up to 7.9%! 2 dividend shares I’d buy for long-term passive income

I am thinking of increasing my passive income by buying these UK dividend stocks. Here’s why I’ll be buying it for the next 10 years.

Major Health Properties

Medical facility operator Major Health Properties (LSE: PHP) is a company I actually have some shares with in my Stocks and Shares ISA.

This is one of several real estate investment trusts (or REITs) in my portfolio. These stocks can be a source of passive income when they pay minimum of 90% of the annual earnings come out by way of dividends.

Primary Health Properties (PHP) owns and operates more than 500 facilities like GP surgeries in the UK and Ireland. The need for these assets is increasing as the elderly population grows and demands higher levels of medical care.

The Office for National Statistics predicts that a quarter of the British population will be aged 65 or above in 2050. PHP seeks to continue to develop to exploit this opportunity, although businesses have recently cooled investment activity on account of higher interest rates and economic uncertainty. .

My main concern as an investor is that the GP shortage could worsen in the coming years. A new Royal College of GPs survey suggests that one in four doctors are considering quitting their practice because of an unmanageable workload.

But on balance, I believe the potential benefits of owning PHP stock outweigh this risk. I mainly think it remains attractive because of its ultra-progressive dividend policy.

At FTSE 250 The company has raised its annual dividend every year for almost thirty years. City analysts expect shareholder rewards to increase for the 28th consecutive year in 2023. The dividend yield on forward shares is 6.7%. I plan to continue sharing my PHP for years to come.

Triple Point Energy Transition

The growth of green energy is another hot investment trend for the next decade. and Triple Point Energy Transition (LSE:TENT) is a renewable energy stock that I would like to buy to make money.

I am very happy with the 7.9% yield of the company’s dividend for the financial year to March 2023. It is a reading that moves to an even-better 8.1% for the new fiscal period starting next month.

Triple Point invests capital in various technologies that are essential to the clean power revolution. These include battery storage energy systems, hydroelectric energy projects, and co-generation assets, which use steam to generate heat instead of burning fuel.

The energy transition is still in its infancy and upcoming environmental legislation could undermine the long-term returns of certain technologies. But by investing in different types of assets, businesses reduce this risk for shareholders.

There are several renewable energy stocks on my radar right now. But the low price of Triple Point stock makes it one of the most attractive for me. At current levels below 70p, they trade at a big discount to the value of the firm’s assets. Estimated net asset value per share is north of 100p.