Latest stock buy 51 shares of PBCT at $11.50 per share

Updated: 19 August, 2020 seen 41

On June 30, 2020, we bought an additional 51 shares of People's United Financial, Inc. (PBCT ) at $11.50 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 6.26% and will pay us $9.18 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 June, to finance this purchase, we are looking to grow PBCT shares back to 100 and start selling covered calls, see: Covered Call Trade Idea with Monthly Options - Generate $50/mo from this Bank Dividend Stock

I'm saying - looking to grow back to 100 - In the past, we were holding 100 shares of PBCT, but unfortunately in March 2020, because of the downturn in the markets, we faced several margin calls and our PBCT shares were sold to keep us afloat

For the rest of the year, we are looking to take $15.60 (after tax) from this buy, which is about 0.43% from our $3,600 goal for 2020

2019 in Review and Financial Goals for 2020. 

We now hold 76 shares of PBCT, In total, they contribute about $46.51 (after tax) yearly to our dividend income portfolio.

24 shares to go once we will be able to start selling covered calls and generate extra income from this stock. We are looking to take the missing 24 shares with PBCT by the end of July.


Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.