January 2019 dividends

During January 2019, I received $412.38 in dividends. Look at monthly recaps from other months. For other months visit my Monthly Dividend Recap page.

SymbolStockAmount
 JPM JPMORGAN CHASE &CO. COM8.06
 QYLD GLOBAL X FDS NASDAQ 100 COVER8.88
 SPAXX FIDELITY GOVERNMENT MONEY MARKET4.29
 BKS BARNES &NOBLE INC COM31.50
 GE GENERAL ELECTRIC CO COM0.28
 SMHB UBS AG LONDON BRH ETRACS MP2X6.46
 PSEC PROSPECT CAP CORP1.68
 BPT BP PRUDHOE BAY RTY TR UNIT BEN INT32.83
 HNDL STRATEGY SHARES NASDAQ 7HANDL INDEX ETF18.06
 MAIN MAIN STREET CAPITAL CORP5.02
 BBBY BED, BATH AND BEYOND17.60
 FRT FEDERAL REALTY INVESTMENT TRUST SBI USD2.06
 DISDISNEY WALT CO35.2
 ORCORCHID ISLAND CAP INC8.46
 NXPINXP SEMICONDUCTORS4.51
 BBGIBEASLEY BROADCAST GROUP INC13.05
 QYLDGLOBAL X FDS NASDAQ 100 COVER7.03
 TMFCRBB FD INC IMOTLEY FOOL 100 INDEX ETF13.75
 TQQQPROSHARES ULTRAPRO QQQ0.45
 UBSIUNITED BANKSHARES INC WEST VA8.50
CODI.PR.BCOMPASS DIVERSIFIED HOLDINGS 0.98
CSCOCISCO SYSTEMS INC2.31

Also during the month I purchased and sold covered call options. However this month I had a couple of options that I lost money on due to having to purchase to close on a rapid increasing share prices on a couple of my positions. I netted a mere $.59 during the month. An important lesson is to close an option before earnings are reported.

Stock Picks – July 23, 2018

Stock Pick # 1

Today I purchased shares of telecom giant AT&T (T 29.30 -0.15 -0.52%). AT&T is currently paying a 6% dividend and has been continuously paying and growing this dividend for the last 34 years! Once its merger of Time Warner is finally complete, AT&T will be the 5th largest company in the United States. AT&T reports on their 2nd quarter earnings tomorrow and it will be the first quarter that will include financial information for Time Warner. With the purchase of Time Warner, AT&T is setting themselves up as a content creator. In many ways it seems like AT&T is becoming more like media giant Disney (DIS 111.41 -1.25 -1.11%), instead of simply a telecom giant.

I believe that the market will be pleasantly surprised with their earning report tomorrow and we will see a large jump in their stock price. I purchased shares for $31.07. However, I am also hedging my bets as I have another order in at $28.09 as one area of concern to me is the amount of debt that AT&T has, however I do not believe they are over leveraged at this time. But Mr. Market may decide tomorrow that they are over leveraged and will cause a large price reduction. Should that happen, I’ll buy some more on sale.

Stock Pick # 2

In my IRA I purchased shares of Main Street Capital (MAIN 37.00 +0.02 +0.05%). Main Street is a business development companies (“BDC”) who makes loans to small and lower mid market businesses in exchange for an equity position in their company. They have investments in a wide variety of businesses and have had good returns from their investments. They pay nearly a 6% dividend, but rather than paying it 4 quarterly installments as most companies do, they pay it in monthly installments! I paid $39.35 a share.