Latest Stock Buy for Child Investment Portfolio: PBCT

On September 11, 2019, I bought 50 shares of People's United Financial (PBCT ) at $15.72 per share. With its quarterly dividend of 0.1775 cents per share, this latest buy has a dividend yield of 4.51% and will pay us $8.87 every quarter (before tax). Awesome!

I bought this share for our little baby girl's stock portfolio. Our almost 14-month-old baby girl has a dividend stock portfolio generating already $59.57/mo. I'm looking to grow this portfolio towards  $70 by the end of 2019. The latest buy has made a nice little boost of $2.51 (after tax) to our monthly dividend income.

PBCT is already the tenth stock in our child investment portfolio. 

I come up with a plan to build a high-yield $10,000 child investment portfolio by the time our baby girl will turn 2. (July 2020). Right now we are looking at $80-$100 monthly dividends by the time she will turn 2.  

Our child portfolio now has as TTM at $714.84, giving daily $1.96 and hourly 0.08$.  Literally can't wait to see what it will grow by the time our baby girl will become a young lady. 

I like PBCT for many reasons - it is the so-called dividend aristocrat stock, the company has raised its dividend for the last 12 years.

PBCT has a reasonably good dividend (above 4%), despite that currently most of our dividend stocks are with much higher ~ 10% dividend yield, I want to have some peace of mind having a blue-chip in our stock portfolio.

Last but not least PBCT is a good stock to sell options (puts and calls). 

Just shortly I bought 50 shares of PBCT, I sold November 15, 2019 put with strike price $15 and get $35 premium. In case I will get assigned 100 shares of PBCT until November 15  - I will start selling covered calls.

By now PBCT takes 4.25% from our US stock portfolio and will contribute to dividend income in the following months: February, May, August and November. As these are the lowest income months  it feels great having PBCT

For the rest of the year, I'm looking to take $7.53 (after tax) from this buy, which is about 0.36% from my $2,045 goal for 2019.

2018 in Review and Financial Goals for 2019

In total PBCT now contributes about $30.12 yearly to the dividend income portfolio. 

Together with T we now have 2 dividend aristocrats in our US stock portfolio.

People's United Financial, Inc. is a bank holding company that owns People's United Bank. The bank operates 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire.


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.