For instance, in 2012 Walgreens, symbol, WAG qualified as a Dividend Machine. http://www.themoneymadam.com/2012/07/drug-store-walgreens-wal-dividend.html
While WAG sports a very aggressive history of increasing dividends, the yield has not kept up with the price. Look at Wednesday's action (8/6/2014) and you see that even with an almost 10% correction, their yield is still only 2.13%, hardly a 2014 Dividend Machine. Is WAG a bargain?
WAG Covered Calls
Walgreens is a bargain as an income stock if you supplement your income with covered call income.
WAG meets all dividend machine criteria expect for the yield. If you buy WAG around $59.25 and you can sell an October $65 call your income of $.80 from the call premium increases your income to an acceptable level. See the table below for details of this trade.
Consider WAG, a 2012 Dividend Machine for the income producing portion of your portfolio.
TheMoneyMadam
