Covered Calls, Dividends & Passive Income

My goal is to generate additional monthly passive income by writing Covered Calls and investing in dividend paying stocks

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3rd Quarter 2008 Stock Portfolio

July 5th, 2008 · 6 Comments

Here are the stocks I currently have in my portfolio that pay dividends:

Company Symbol Annual Dividend

June 2008

Johnson & Johnson JNJ $1.84 APY 2.80%
Microsoft MSFT $0.44 APY 1.60%
3M MMM $2.00 APY 2.60%
Nucor NUE $1.28 APY 1.70%
Taiwan Semi Conductor TSM $0.36 APY 3.10%
Worthington Industries WOR $0.68 APY 3.60%
Piedmont Natural Gas PNY $1.04 APY 3.90%
Vanguard Emerging Mkts VWO TBD APY 1.90%

I will post my dividend paying stock portfolio on a quarterly basis. It doesn’t change that much so I don’t see a need to update more frequently than that. If you would like to know what other stocks I have just let me know. I like to exchange investing ideas with others.

I periodically change the mix of stocks. Rather than outright sell a stock I typically stop buying shares in it and add a new one to my portfolio. I buy almost all of my stocks through a dollar cost averaging approach. I am a huge proponent of investing this way, especially in a volatile market like we have now. It allows you to purchase more shares of a stock when the price is low and less when it’s high. Dollar cost averaging is a way for individual investors to buy a small amount of stocks and EFTs without having to commit a large sum of money for an initial investment.

Finally, in a future post I will discus how I invest through dollar cost averaging. Just to give you an idea I use a combination of a traditional broker, Direct Stock Purchase Plans (DSPPs) and Dividend Reinvestment Plans (DRIPs).

Tags: Dollar Cost Averaging · Stock Portfolio

6 responses so far ↓

  • 1 Allen Taylor // Jul 5, 2008 at 6:30 am

    Nice writing. You are on my RSS reader now so I can read more from you down the road.

    Allen Taylor

  • 2 pittrollie // Jul 6, 2008 at 8:20 am

    Thanks Allen! I’m glad you like my blog.

    Mike

  • 3 Stock-Portfolio » Stock Portfolio Software Program // Jul 15, 2008 at 6:33 am

    [...] 3rd Quarter 2008 Stock PortfolioI will post my dividend paying stock portfolio on a quarterly basis. It doesn’t change that much so I don’t see a need to update more frequently than that. If you would like to know what other stocks I have just let me know. … [...]

  • 4 Stock-Portfolio » 3rd Quarter 2008 Stock Portfolio // Jul 17, 2008 at 6:44 am

    [...] 3rd Quarter 2008 Stock PortfolioI will post my dividend paying stock portfolio on a quarterly basis. It doesn’t change that much so I don’t see a need to update more frequently than that. If you would like to know what other stocks I have just let me know. … [...]

  • 5 Stock-Portfolio » Payout Fund as a Stock Portfolio // Jul 27, 2008 at 2:58 am

    [...] 3rd Quarter 2008 Stock PortfolioI will post my dividend paying stock portfolio on a quarterly basis. It doesn’t change that much so I don’t see a need to update more frequently than that. If you would like to know what other stocks I have just let me know. … [...]

  • 6 Stock-Portfolio » Build your first stock portfolio // Jul 28, 2008 at 2:58 am

    [...] 3rd Quarter 2008 Stock PortfolioI will post my dividend paying stock portfolio on a quarterly basis. It doesn’t change that much so I don’t see a need to update more frequently than that. If you would like to know what other stocks I have just let me know. … [...]

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