07-12-2021, 08:26 PM
Okay, let's see. XEL is currently at $67.84/share. It most recently paid $0.4575 per share in Q2. That works out to an annual yield of 2.6975% (0.4575*4 / 67.84). You purchased originally at $7.50/share (wow!). That works out to an annual yield of 24.4% on those first 100 shares. My first 30 shares of XEL were purchased at $63.405. Therefore my effective yield for those shares is now 2.886%.
That said, my path to $3,000,000 and then living off the dividends is more concentrated in growth, then switching over to dividend-producers at the end (age 60).
That said, my path to $3,000,000 and then living off the dividends is more concentrated in growth, then switching over to dividend-producers at the end (age 60).