Latest Addition to Stock Portfolio: Bought 2 AGRO shares at $10.7

Updated: 3 August, 2023 seen 20
  • On July 25, 2023, I purchased 2 shares of Adecoagro SA (NYSE: AGRO) stock for our long-term dividend stock portfolio at a price of $10.7 per share.
  • Adecoagro S.A. operates as an agro-industrial company in South America, engaging in various agricultural activities, including farming crops, rice, dairy operations, and sugar, ethanol, and energy production.
  • The decision to add agricultural stock to the portfolio was influenced by the collapse of the Ukraine grain deal, which threatened to increase grain prices globally.

On July 25, 2023, I bought 2 shares of Adecoagro SA (NYSE: AGRO) stock, paying $10.7 per share for our long-term dividend stock portfolio

Adecoagro S.A. operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol, and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities

I decided to add agricultural stock to the portfolio mix, after the Ukraine grain deal collapsed, threatening to skyrocket grain prices across the World.

We are now holding 2 shares of AGRO in our stock portfolio. 

With its yearly dividend of 0.27 cents per share, this latest buy has a dividend yield of 2.52% and will pay us an additional $0.54 every year (after tax). Awesome! Agro is paying a dividend in the following months: May and November.

Using dollar-cost averaging our average cost per AGRO share is $10.7

AGRO stock price July 25, 2023

To finance this purchase I was actually selling a put option, and bought this stock from the premium received. See: Sold 1 Put Option on AGRO Stock – 1.97% potential income return in 24 days (29.94% annualized)

98 shares to go once we will be able to start selling covered calls and generate extra income from AGRO 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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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.