We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 18.91-0.8%May 29 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E_K_S who wrote (76)12/5/2019 10:46:20 AM
From: robert b furman  Read Replies (1) of 260
Hi E_K_S,

I bought 900 KMI at $19.67 on 11/27 (three days early).

When price hit the lower Keltner I sold 10 Dec 19. puts hoping to get them assigned and work my cost down a bit.

That juicy $1.25 will begin paying in late April.

I'm happy to wait 4 months to begin receiving 6.35% dividend yield for many years to follow. In between I'm getting 5.08%.

I'll continue to sell 19.00's less than 30 days out as a revenue stream that will help me pay for any stock that may be assigned.

Tempted to just buy more - hard to find a solid 6% plus!!

Can't get that done with XOM or CVX.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext