These are my 3 top FTSE 250 dividend shares to consider buying right now

There are some FTSE 250 stocks offering attractive dividend yields at the moment. These three picks have something else in common too.

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I’m looking for Stocks and Shares ISA investments to line up for the winter, and I see quite a few FTSE 250 dividend yields that I really like the look of right now.

They’re mostly financial stocks, though. And the reason I might keep away from investment firms like abrdn and Ashmore Group, with their big dividends, is because I already have investments in the finance sector.

So with diversification in mind, I’ll look for other tempting choices instead.

Supermarket cash

I could buy Tesco shares, and pocket a dividend yield of 3.4%. It’s not a big yield, but I think it should be relatively safe. Well, as safe as a dividend can be, bearing in mind they’re never guaranteed.

But why not go for real estate investment trust Supermarket Income REIT (LSE: SUPR) instead, as a way into a truly essential sector?

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice.

Created with Highcharts 11.4.3Supermarket Income REIT Plc PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.co.uk

It aims to provide dividend income, with forecasts showing an 8% yield, plus room for capital growth.

The above share price chart shows that the capital growth aim hasn’t gone well of late. The commercial property market still looks a bit shaky. So I think there’s a fair risk of further poor share-price performance.

But I buy shares with the aim of holding for at least a decade, ideally longer. And until I want to sell, the share price won’t matter. And I’ll be happy to keep taking the dividend cash. As long as it holds up, that is.

A good wind

I don’t have anything in the renewable energy business, and my eye has fallen on Greencoat UK Wind (LSE: UKW). It runs as a REIT, but of a rather different nature. It owns onshore and offshore wind farms.

Created with Highcharts 11.4.3Greencoat Uk Wind Plc PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.co.uk

It’s a profitable business too. At H1 results time in July, we saw £165.4m in net cash generation in the half.

In the period, Greencoat bought back 32 million of its own shares, boosting the returns created by its dividends. Forecasts suggest the dividend should yield 7.2% for the full year.

My biggest fear, I think, is that Greencoat is doing especially well while energy prices are high. But we could be in for a shaky spell when prices start coming down some more, as we expect them to do.

Health dividends

My third choice is yet another REIT, Primary Health Properties (LSE: PHP), with a forecast 6.7% dividend yield.

Created with Highcharts 11.4.3Primary Health Properties Plc PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.co.uk

I wouldn’t worry about being too heavy in REITs, though, as these three businesses are very different.

Primary Health owns GP surgeries and other purpose-built healthcare facilities. And it lets them on long-term leases, to clients including the NHS.

We don’t really know how the new government will approach the NHS yet, mind. “It’s broken, we have to fix it” is about all they seem to be saying as far as I can make it out.

And again, the chart appears to show how REITs are out of favour, so that’s a risk too.

Still, with interim results released in July, new CEO Mark Davies spoke of the trust’s anticipated “30-year anniversary of continuous dividend growth in 2026“. He seems optimistic that it’ll make it.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has recommended Greencoat Uk Wind Plc, Primary Health Properties Plc, and Tesco Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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