This meager dividend increase is why I use covered calls to boost income. My most recent call is profiled below
Bristol Myers Squibb declares $0.37 dividend http://seekingalpha.com/currents/post/2169025?source=ansh-d $BMY
December 11, 2014
BMY is not a Dividend Machine but I have owned it for quite a while because I like the science, I like the 2.43% dividend yield and the 3.12% average annual dividend increase.
Because I am an income investor, I need more yield and more dividend growth. To make up the difference, I sell covered calls.
Here is a call I sold today. I use today's price as the cost basis although my personal cost basis is closer to $50.
Good Income Investing. TheMoneyMadam
BMY is not a Dividend Machine but I have owned it for quite a while because I like the science, I like the 2.43% dividend yield and the 3.12% average annual dividend increase.
Because I am an income investor, I need more yield and more dividend growth. To make up the difference, I sell covered calls.
Here is a call I sold today. I use today's price as the cost basis although my personal cost basis is closer to $50.
Good Income Investing. TheMoneyMadam
