05-14-2020, 03:33 PM
(05-14-2020, 02:24 PM)EricL Wrote:It's a serious income machine that is safe enough. You'd laugh if you watched me manage MO in my port. I always try to keep a few hundred shares. It gets beat up on the quarterly bad news and I am selling puts for more income and find myself overweight. Then it runs up some and I sell some calls to trim. Then it runs three points higher than I thought it would and I am praying for a chance to get more shares. If MO increases the div only 1% a year we are fine for years. I think I would be quite content if the shares would rise a couple bucks a year consistently but it works out even if they don't.(05-14-2020, 02:16 PM)fenders53 Wrote: ol' reliable. That div is getting scary high. The share price needs to run up to make it right.
Altria (NYSE:MO) declares $0.84/share quarterly dividend, in line with previous.
Forward yield 9.3%
Payable July 10; for shareholders of record June 15; ex-div June 12.
https://seekingalpha.com/news/3574624-al...4-dividend
A 2.325% income increase just by hitting the dividend reinvestment button! =)