Dear Income Investors:
One of our 2011 dividend machines, Espey Manufacturing & Engineering, symbol ESP, was profiled on July 11, 2011 See Original Post. I would bet that few of you ever heard of ESP before reading this blog. Currently trading at about $24.00 per share, ESP is a very affordable stock.
ESP will pay their regular dividend of $.22 on December 22, 2011 if you own it by December 2, 2011. But the icing on the cake is the extra $1.00 dividend that ESP will also pay on December 22, 2011. What a wonderful holiday gift.
Happy Thanksgiving to everyone. I will post again next Monday.
Very Truly Yours,
TheMoneyMadam
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Covered Call Opportunities
Square, symbol SQ, is my current favorite stock that is not a dividend machine. To turn it into an income investment, I use SQ's volatiity to buy when it dips and sell calls. See the table above. Note that this call is not included in the post published on 12/12/18 M*
About M*
- TheMoneyMadam
- This blog is about how to use dividend stocks, call options on dividend stocks and discount bonds to retire with income that grows.
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