Wednesday, January 11, 2017

Recent Buy --- ABBV


Today I initiated a new position in ABBV.





  • ABBV:  40 shares @ $60.82 --- Yield  4.21%

Total capital invested is $2439.59 and will add $102.40 to my yearly dividends. I really didn't have any plans to buy anything for a few days, but then President Trump came to the rescue. Bargains are bargains, regardless of the catalyst. Lots of opportunities are opening up across the drug companies.

In other news my 3 Jan 20 $32 PFE covereds calls are looking a lot better today. The premium is $1.3 and I can capture about $.50 right now, but will hold on a bit longer to see what happens in the next few days.

Forward dividends are around $6300. 


8 comments:

  1. Nice buy. Would have loved to buy some at their pre-Trump dip around $57 but wanted to wait a little bit longer...Too bad!

    Enjoy them!

    ReplyDelete
    Replies
    1. whendoyouretire,

      Yeah I missed out in the high 50s as well. It may return to those levels though so be prepared to move!

      MDP

      Delete
  2. Great buy. You're really crushing it with your stock buys lately. A serious amount of cash is getting added. I look forward to reading about the massive dividends you'll collect this year.

    ReplyDelete
    Replies
    1. IH,

      Thanks man! I have a lot of rebuilding to do and am excited about the future income stream as well! You aren't doing to shabby either! Keep up the discipline!

      MDP

      Delete
  3. Nice buy, I bought a few shares too last week.

    ReplyDelete
    Replies
    1. DD,

      Congrats on your purchase. Great company with a really solid yield right now!

      MDP

      Delete
  4. MDP -

    Nice Nice, there you go; $10K is knocking on your door soon. Keep it going.

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      For sure! Can't wait till we both get there by year end!

      MDP

      Delete