On July 31, 2020, we bought an additional 24 shares of People's United Financial, Inc. (PBCT ) at $10.97 per share for our daughter's stock portfolio. With its quarterly dividend of 0.18 cents per share, this latest buy has a dividend yield of 6.56% and will pay us $4,32 every quarter (before tax). Awesome!

PBCT is paying a dividend in the following months: February, May, August and November

We decided to spend half of our options income in the month of July, to finance this purchase, as we are now holding 100 shares in total with PBCT, we sold our first covered call on it Covered Call on PBCT - Potential income return 5.92% in 21 days

For the rest of the year, we are looking to take $3.67 in dividend income (after tax) from this buy, which is about 0.1% from our $3,600 goal for 2020

2019 in Review and Financial Goals for 2020. 

We now hold 100 shares of PBCT, In total, they contribute about $61.20 (after tax) yearly to our dividend income portfolio.

For now, we are not looking to buy any more PBCT stock, at least in 2020. The only way we see buying PBCT stocks is in case if our shares will get called away, then we will go for cash-secured puts to take back our 100 shares.

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