Yields of up to 8.7%! 4 UK income stocks I’d buy to own for 10 years

I don’t have an unlimited supply of cash to buy UK income shares. But here are some things I would like to buy in 2023 if I have the chance.

I think I can generate good passive income for the next decade.

Warehouse REIT

As a dividend investor, I like real estate investment trusts (or REITs). They must pay out 90% of their profits every year in the form of dividends.

This is why I will invest Warehouse REIT. This means the sports company is yielding a healthy 6% dividend for FY23.

I also believe that it is the highest investment because it focuses on renting storage and logistics centers for businesses. This is a market that will grow strongly as e-commerce explodes.

Market research firm IMARC says the UK logistics market will grow at a compound annual growth rate of 6.28% between now and 2027.

I would buy this REIT even though the lack of future acquisition targets could hurt its growth strategy.

Ecofin US Renewable Infrastructure Trust

There are heaps of renewable energy stocks UK investors can buy today. I think Ecofin US Renewable Infrastructure Trust can be one of the best ways to profit from the green revolution.

You see, the US is one of the best places for companies like this. Huge tax breaks are available as the government aims for ‘zero carbon’ electricity by 2035. The market is also huge. Ecofin says the renewable energy sector in the United States presents a $360bn growth opportunity over the next decade.

Generating power from wind and solar assets can be problematic. A long spell of bad weather can be very profitable. But I still think stocks like this are interesting to own.

Oh, and Ecofin’s dividend yield for 2023 sits at 6.8%.

ITV

FTSE 250 announcer ITV operate in a very competitive industry. In fact, the battle for viewers is stronger than ever because traditional television channels are moving forward with streamers like Netflix and Amazon.

But ITV is making a good fist of taking on its rivals, buoyed by the huge success of its own video-on-demand operation. Streaming hours that can be sold on the platform are free and paid up by 10% between January and September. The launch of the ITVX platform this month is likely to add more viewing numbers.

The dividend yield of ITV Corporation in 2023 is 6.6 %.

Ediston Investment Property Company

Ediston Investment Property Company is another investment trust on my radar. This is due to the focus on the retail garden segment, a market that will grow rapidly in the post-pandemic era.

Dividend yield at 8.7%.

The large retail assets provide customers with benefits such as free parking, a wide range of products and spacious private spaces. Easy access by car and large stock room make it ideal for click & collect as well. So footfall also benefits from the growth of online shopping.

I would buy Ediston although the current weak retail environment may present challenges. Rental collections can drop if tenants start going out of business.