Money and Finance
Position Closed - Intel Corporation (INTC)
Yep, Intel announced yet another quarterly dividend payment of $0.225 per share. That would be 8 straight payments of $0.225. For a position that had the promise of being a solid dividend growth investment, I’m very disappointed in this. I’ve been rather disappointed that Intel couldn’t even give a token increase of $0.01 at least once since the September 2012 payout. As a dividend growth investor that’s trying to reach financial independence through dividends, a dividends safety is priority 1A and its growth is priority 1B. Towards the end of 2013 I wasn’t completely fed up but I was getting there and wouldn’t have minded closing out my position. So I let Mr. Market make the decision for me and decided to sell call options on Intel until the shares were called away from me. I mentioned in my March dividend update post yesterday about a call option for Intel executing so let's go over the details.
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Recent Sells
Well Wednesday brought about some changes to my portfolio. This is something I've been thinking about doing for a while with two of my positions. Both Caterpillar and Intel are great companies although they've fallen on hard times. Caterpillar...
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Recent Transaction
Yesterday I sold another put option on Intel. I sold the $25 17 Aug 2012 put for $0.46. Less commission I received a total of $38.01 in premium for a total return of 1.52% which is annualized to 21.75%. I figured that since I want to add to my Intel position...
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Recent Buys
On December 14th I added to my positions in both Intel and Bank of America. I purchased 30 shares of INTC at $23.27 and 80 shares of BAC at $5.25. My YOC for the new INTC shares 3.57% and the BAC YOC is 0.75%. The purchases have brought my YOC for my...
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Recent Buys
This morning I bought 20 shares of AT&T @ $28.29 and 15 shares of Intel at $23.24. It's days like the last week where I wish I had more capital. The shares of T are giving me a 6% YOC and INTC are giving me 3.53%. I don't expect AT&T to give me...
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Recent Sell - Intel (intc)
Earlier this week I sold my stake in Intel (INTC) after the company announced they would not be raising the dividend again next quarter. This will be the 8th straight quarter that Intel has failed to raise it's dividend. I thought that this would...
Money and Finance