On July 27, 2023, I bought 1 share of Barrick Gold (NYSE: GOLD) stock, paying $16.93 per share for our long-term dividend stock portfolio
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada.
We are now holding 1 share of GOLD in our stock portfolio.
With its yearly dividend of 0.34 cents per share, this latest buy has a dividend yield of 2% and will pay us an additional $0.34 every year (after tax). Awesome! GOLD is paying a dividend in the following months: March, June, September and December
Using dollar-cost averaging our average cost per GPS share is $16.93
To finance this purchase I was actually selling a put option, and bought this stock from the premium received. See: Sold 1 Put on Barrick Gold Stock – 1.51% potential income return in 36 days (15.29% annualized)
99 shares to go once we will be able to start selling covered calls and generate extra income from GOLD 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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