Leggett and Platt, symbol LEG, is one of those stocks. Let's first look at the recent fundamentals.
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Source: Nasdaq.com |
You can see clear evidence of revenue growth, EPS (earnings per share) growth, and dividend growth. And in the next table you will see call option potential.
I have a significant position in LEG but I added today and am selling calls against that new position. I picked a strike price that nudges up to the 52 week high of just over $55.00. If they take it, I still have my original position. If they don't take it, I get to pocket both the dividend and the call premium.
That is my strategy to retire with income that grows; and I am sticking with it.
M* MoneyMadam
Disclosure: Long LEG with calls on part of the position