Latest Addition to Stock Portfolio: Bought 1 Barrick Gold share at $16.93

Updated: 28 July, 2023 seen 21
NYSE:GOLD Investments
  • On July 27, 2023, 1 share of Barrick Gold (NYSE: GOLD) was purchased for $16.93 per share, adding to the long-term dividend stock portfolio.
  • Barrick Gold Corporation is a mining company with 16 operating sites in 13 countries, producing gold and copper. Its headquarters are located in Toronto, Ontario, Canada.
  • With a yearly dividend of 0.34 cents per share, the latest buy has a dividend yield of 2%, providing an additional annual income of $0.34 (after tax). The stock pays dividends in the months of March, June, September, and December.

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

Barrick Gold share price on July 28, 2023
Barrick Gold share price on July 28, 2023

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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about

Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.