Latest Addition to Stock Portfolio: 1 MO share at $44.21

| Investments | 3 seen

On August 9, 2023, I bought an additional 1 share of Altria Group, Inc stock (NYSE:MO) , paying $44.21 per share for our long-term dividend stock portfolio

Altria Group, Inc. is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and related products. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond

We are now holding 3 shares of MO in our stock portfolio. That represents about 2.02% of the total portfolio.

With its yearly dividend of 3.19 dollars per share, this latest buy has a dividend yield of 7.21% and will pay us an additional $3.19 every year (after tax). Awesome! MO is paying an annual dividend in January, April, July and October

Using dollar-cost averaging our average cost per MO share is $45.10

Mo stock price as on August 09, 2023

To finance this purchase I was actually selling a put option, and bought this stock from the premium received. See: Rolled Forward and Down 1 Put option on MO – 2.52% potential income return in 99 days (9.27% annualized)

97 shares to go once we will be able to start selling covered calls and generate extra income from MO stock. I don't have a set time frame when to get there, as I'm planning to buy these stocks from the put options premiums. It could take some 2-3 years once I will get there, or much sooner if the stock will get assigned.

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