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.
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.
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!
ReplyDeleteEnjoy them!
whendoyouretire,
DeleteYeah I missed out in the high 50s as well. It may return to those levels though so be prepared to move!
MDP
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.
ReplyDeleteIH,
DeleteThanks 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
Nice buy, I bought a few shares too last week.
ReplyDeleteDD,
DeleteCongrats on your purchase. Great company with a really solid yield right now!
MDP
MDP -
ReplyDeleteNice Nice, there you go; $10K is knocking on your door soon. Keep it going.
-Lanny
Lanny,
DeleteFor sure! Can't wait till we both get there by year end!
MDP