26 August, 2021 seen 52On July 6, 2020, we bought an additional 10 shares of Pfizer (PFE) paying $34.80 per share for our Partnership Fund. …
On January 17, 2020, I bought (got assigned) 100 shares of Xinyuan Real Estate (XIN ) at $5.00 per share. With its quarterly dividend payout of 0.1 dollars per share, this latest buy has a dividend yield of 8% and will pay us $10 (before tax) every quarter. Awesome!
XIN has been in our portfolio since October 2018, since then I have been selling covered calls and naked puts on it. That's actually how I got assigned it now, I was selling a naked put on XIN a while ago. And in January 17, the put expired in the money and I got assigned. As XIN is a great dividend payer, no regrets. Even more, I can sell covered calls on it (not a big money, but every bit counts)
By now XIN stock takes 7.82% from our US stock portfolio, and also is one of the biggest dividend payers in the portfolio by now.
My average cost per share so far for acquiring XIN is $4.60/per share and that includes premiums I have received in the past
For the rest of the year, we are looking to take $34 (after tax) from this buy, which is about 0.94% from our $3,600 goal for 2020
In total XIN now contributes about $150.96 (after tax) yearly to the dividend income portfolio.
From now on I plan to sell more covered calls on XIN and collect hefty dividend every quarter.
Founded by Dr. Zhang Yong in Zhengzhou, Henan Province in 1997, Xinyuan Group has successfully evolved from a company that solely focused on real estate development into a huge corporate group that incorporates an array of ancillary businesses. During the past 20 years, Xinyuan has built strong momentum by following the strategy of "robust core business and rapid transformation", and blazed new trails in realms such as real estate development, city industry cooperation, business management, and smart technology.