Number of shares purchased
Price per share
Total cost per share
Annual dividend per share
Initial dividend yield
Increase in forward 12-month dividends
It takes balls to buy REITs and Oil & Gas in today's market, or maybe a vagina:
Anyhow, I finally got my annual dividend income to over $9,000, which would have been a hell of a lot easier had Ensco not cut its dividend.
On June 8, I sold a put in OHI. The trade:
Sold 1 OHI Put Dec 18 '15 $35 Put @ 2.80 ($11.20 commission + $0.01 SEC fee)
Days Held (sell date to expiry): 194
Net Premium: $268.79
Annualized Return = ($268.79 / ($3,500 - $268.79)) * 365/194 = 15.7%
The most likely outcomes of this trade are:
1. Shares are trading above $35.00 at expiration. I will get to keep $268.79 in net premiums.
2. OHI is trading below $35.00 at or before expiration and shares are assigned. I will receive 100 shares of OHI at a net cost of $32.31/share.