On November 18, 2020, I bought an additional 8 shares of Intel Corporation (INTC) for our daughters stock portfolio, paying $45.18 per share
With its quarterly dividend payout of $0.33 per share, this latest buy has a dividend yield of 2.92% and will pay us $2.64 (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
We are now holding 26 shares with INTC
I plan to increase the total share count to 100 in a reasonable time frame (say by the middle of 2021) and once we have 100 shares start selling covered calls on it to generate extra income.
While we are waiting to accumulate 100 shares (74 to go) and sell covered calls for extra income, we will enjoy the dividend income
By now INTC stock takes 3.89% from our US stock portfolio.
Our average buy price: $55.47
In total INTC now contribute about $29.17 (after tax) yearly to the dividend income portfolio.
Next time buying some shares of INTC stock, most probably 9 shares, I see in December (2020) or January (2021).
74 shares to go!