On July 31, 2020, we bought 4 shares of Realty Income Corp. (O ) at $59.18 per share. With its monthly dividend of 0.23 cents per share, this latest buy has a dividend yield of 4.73% and will pay us $0.92 every month (before tax). Awesome!
To finance this purchase it was decided to spend half of our options income in the month of July.
For the rest of the year, we are looking to take $3.04 in dividend income (after tax) from this buy, which is about 0.08% from our $3,600 goal for 2020
We now hold 4 shares of O, In total, they contribute about $9.12 (after tax) yearly to our dividend income portfolio.
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 2021.
Once we will have 100 shares we will start selling covered calls on this stock. Covered Call Trade Idea with Monthly Options - Generate $140/mo from O (Realty Income Corporation)
96 shares to go