Bought 10 shares of KO at $53.24 per share

Updated: 20 April, 2021 seen 51

On April 7, 2021, we bought 10 shares of The Coca-Cola Company (KO) at $53.24 per share. With its quarterly dividend of 0.42 cents per share, this latest buy has a dividend yield of 3.15% and will pay us an additional $4.20 every quarter (before tax). Awesome!

Ko is paying a dividend in the following months: April, July, October, and December, we will enjoy some small boost in these months

We now hold 50 shares of KO, In total, they contribute about $71 (after tax) yearly to our dividend income portfolio.

Using dollar-cost averaging our average cost per one KO share is $50.44

By now KO takes 7.96% from our total stock portfolio.

I'm looking to increase the total share count to 100, and then start selling covered calls on KO stock.

Just for the illustration:

We could sell a covered call on KO today (April 8, 2021) with expiry on May 7, 2021 (monthly options), with a strike price of $54, and get for that about $0.79 premium. T

Looking to have 100 shares with KO by August 7, 2021 

50 shares to go!

 

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