Today I added to my T position.
- T: 13 shares @ $26.97 --- Yield 7.71%
Total capital invested is $350.57 and will add $27.04 to my yearly dividends.
T continues to underperform the broader market for the year, well decade really. We are approaching the March pandemic lows which means the yield is very appealing.
I have $250,000 in CDs that are up for renewal during the next 8 months so I continue to looks for replacement income and T is a good solution for sure. Replacing 1.5%-2.5% CDs with 7.75% with future capital appreciation (hopefully) works for me. My intention is to replace the first $100,000 CD @ 1.4% with $10,000 of T which replaces half of the lost income. I'll replace the rest of the lost income with other stocks.
No comments:
Post a Comment