On November 20, 2018, I bought 88 shares of Washington Prime Group (WPG) at $6.26 per share. With its quarterly dividend payout of 0.25 dollars per share, this latest buy has a dividend yield of 15.97% and will pay us $22 (before tax) every quarter. Awesome!
I bought this share for our little baby girl stock portfolio. Without hesitation, I can say - our 4-month-old princess has a dividend portfolio generating already $19.04/mo. I'm looking to grow it towards $50/mo by the end of 2019.
For right now I find it OK investing in higher yield and more riskier stocks. 15.97% yield, that's huge. Our first stock buy for child's portfolio though was at 19.87%, which is a little bit insane, and actually, we already have started to notice the negative side of chasing high yield, CLM has announced a dividend cut starting January 2019: Latest US Stock Buy: CLM
I come up with a plan to build a high-yield $10,000 child investment portfolio by the time she will turn 2. (July 2020). Right now we are looking at $80-$100 monthly dividends by the time baby will turn 2.
Our child's portfolio now has as TTM at $228.48, giving daily $0.63 and hourly 0.03$. I really like these numbers.
Currently, I don't plan to go for a separate child investment account, instead, I will keep investing in my own portfolio, but will keep a separate Google Spreadsheet to track baby dividend progress. See: Simple Google Spreadsheet to Track Stock Portfolio Changes Using GOOGLEFINANCE
For the rest of the year, we are looking to get a dividend income of $22 from this stock, which is about 1.83% from my personal $1,200 goal for 2018.
About Washington Prime Group
Washington Prime Group Inc. is a real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher.
As of December 31, 2017, the company owned interests in 108 shopping centers containing 59 million square feet of leasable area.