Friday, December 12, 2014

BMY increases dividend but not by much.

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 $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