Yesterday I added to my MO position.
- MO: 180 shares @ $47.82 --- Yield 7.53%
Total capital invested is $8607.60 and this purchase will add $648.00 to my yearly dividends.
I now have an even 1000 shares of MO which will provide $3600.00 of yearly dividend income.
I should also mention that I have 12 open $45 MO puts that have been open most of this year. The first 7 expire on Jan 21, 2022 and the other 5 expire in Jan 2023. The assignment of next month's shares would be around $41.50 so it is unlikely that I will be assigned unless MO drops $5 dollars or so during the next few weeks.
Pipeline re-construction in progress