Latest stock buy 15 shares of Realty Income Corp (NYSE:O) at $60.84 per share

Updated: 21 April, 2021 seen 40

On December 31, 2020, we bought additional 15 shares of Realty Income Corp. (NYSE:O ) paying $60.84 per share. 

With its monthly dividend of 0.23 cents per share, this latest buy has a dividend yield of 4.53% and will pay us an additional $3.45 every month (before tax).  Now, that's awesome!

To finance this purchase we spent half of our options income in the month of December, see December 2020 Options Income Report - $2,692.38

We now hold in total 50 shares of O, In total, they contribute about $117.13 (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 January 15, 2021, covered call (monthly options) with a strike price of $62.5, to get a $1.00 premium. In case our shares would get called away on the expiry date we would realize $267 income in 15 days, that's a potential return of 4.38% 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 April or May 2021.

50 shares to go!

Disqus