Aviva (LSE: AV.) shares are up 12.5% in the last six months. They did drop around 6% on 11 April, though, as they went ‘ex-dividend’. This simply means investors buying the stock today aren’t entitled to the next cash dividend due to be paid out on 23 May. I became an Aviva shareholder in November and have invested again since. The juicy forward dividend yield of 7.6% for 2024 is a big reason why. That soars above anything I can get just sitting in cash! Here, I’ll look at how many shares I’d need in my ISA portfolio to target a grand a year in tax-free passive income. 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. Aviva has been busy selling off underperforming divisions and non-core assets to focus on capital-light businesses. These tend to generate profits without significant upfront or ongoing expenditure and can produce better margins over time. They now make up over half of Aviva’s portfolio. Last year, the...