On May 22, 2020, I bought an additional 6 shares of Intel Corporation (INTC) for our daughters stock portfolio, paying $62.15 per share

With its quarterly dividend payout of $0.33 per share, this latest buy has a dividend yield of 2.12% and will pay us $1.95 (before tax) every quarter. Not the biggest addition to the portfolio, but every bit counts.

INTC is paying a dividend in the following months - March, June, September, and December

This was already the second time this month me buying INTC stock, I bought first 5 shares just a week ago as a gift from my dad to our daughter, unfortunately, my dad passed away on May 11, 2020, and one of our latest conversations was about stocks. On May 22, my dad would turn 66.

After dad passed away I realized I didn't know what was his favorite company - I never asked, in the end, I decided to go with Intel Corporation, as dad loved semiconductors, capacitors e.t.c. hell, I was four years old when he taught me soldering. Intel seems quite OK tech stock to keep in the portfolio.

I plan to increase the total share count to 100 in a reasonable time frame (say 2-3 years) and once we have 100 shares start selling covered calls on it to generate extra income.

Covered Call Trade Idea - Generate $214/mo from this Stock

While we are waiting to accumulate 100 shares (89 to go) and sell covered calls for extra income, we will enjoy the dividend income

By now INTC stock takes 4.5% from our US stock portfolio.

For the rest of the year, we are looking to take $3.36 (after tax) from this buy, which is about 0.09% from our $3,600 goal for 2020

2019 in Review and Financial Goals for 2020. 

In total INTC now contribute about $12.34 (after tax) yearly to the dividend income portfolio.

NTC now is the most expensive stock in our portfolio

Next time buying some shares of INTC stock, most probably 7 shares, I see in July, when daughter will turn 2 years old.

89 shares to go!

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