ESI drops almost 50% due to SEC filing charges CEO, CFO with fraud. as per last year, they have a plot of properties with book value at least $8 per share. Seeing that as an asset, I sold 6 put at $2 for $0.10 which derive to $60 income. If price goes back up matching with VALE pricing, I will sell ESI and replace with VALE.
VALE had paid dividend $61.97 and was DRIPS back converted to 7.65 shares at $8.10
Annual Dividend Projection
VALE-$0.15 x 400shares = $60
VALE(drips)- $0.15 x 7.65shares = $1.14
KO-$1.32 x 200shares = $264
KO(drips)-$1.32 x 1.132shares = $1.49
XOM-$2.92 x 100shares = $292
MO-$2.08 x 200 shares = $416
CL-$1.52 x 100 shares = $152
PG-$2.56 x 100 shares = $253
This works out to be $1439.63 annual dividends which is 2.28% yield.
No comments:
Post a Comment