On November 30, 2020, we bought additional 12 shares of Realty Income Corp. (NYSE:O ) paying $61.22 per share. With its monthly dividend of 0.23 cents per share, this latest buy has a dividend yield of 4.5% and will pay us an additional $2.76 every month (before tax). Now, that's awesome!
To finance this purchase we spent half of our options income in the month of November, see November 2020 Options Income Report - $1,479.6
We now hold in total 35 shares of O, In total, they contribute about $82.11 (after tax) yearly to our dividend income portfolio.
Using dollar-cost averaging our average cost per one O share is $60.83
If we had 100 shares of O today, we could sell December 18, 2020, covered call (monthly options) with a strike price of $62.5, to get a $0.65 premium. In case our shares would get called away on the expiry date we would realize $232 income in 17 days, that's a potential return of 3.71% since we started buying O.
It's planned to buy more O shares once a month until we will reach 100 shares. It looks like we might get there around June or July 2021.
65 shares to go!
