On August 8, 2023, I bought additional 2 shares of Deutsche Bank stock (NYSE: DB) , paying $10.75 per share for our long-term dividend stock portfolio
Deutsche Bank AG, sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
We are now holding 5 shares of DB in our stock portfolio.
With its yearly dividend of 0.28 dollars per share, this latest buy has a dividend yield of 2.6% and will pay us an additional $0.56 every year (after tax). Awesome! DB is paying an annual dividend in the month of May.
Using dollar-cost averaging our average cost per DB share is $10.67
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 DB – 4.7% potential income return in 197 days (8.69% annualized)
95 shares to go once we will be able to start selling covered calls and generate extra income from DB 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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