Today I added to my Macy's position.
- M: 47 shares @ $30.69 --- Yield 4.92%
Total capital invested is $1449.38 and will add $70.97 to my yearly dividends.
Retail stocks are getting hammered across the board today so I decided to jump into what I consider a deep value play. It's hard to believe that M was trading around $45 a little over a month ago. Anyone who has followed me for a while know that I am not afraid to jump into unloved industries. I originally exercised an $32 M call several months ago. I almost purchased a call today but just decided to add a few shares instead.
Forward dividends are around $6120.
I will hit $10,000 in forward dividends THIS YEAR!