Yeah! The bear is back and many of Wall Street’s overpriced stocks are on sale! However, my dividend investing portfolio has dropped nearly $10k in value in just three weeks, but I think I can live with that. Taking advantages of October’s rollercoaster ride of volatility, I made two stock buys this month.
The first stock buy was 70 more shares of New Residential Investment Corp. (NYSE: NRZ), which I got for $17.75 per share. With a dividend of $0.50 per share (which means an annual yield of 11.27%), I will get an extra $35.00 every quarter. 🙂
The second buy was 70 shares of Liberty All-Star Equity Fund (NYSE: USA) at $6.00 per share (which gets me an annual yield of 11.33%). Its quarterly dividend of $0.17 per share will gain me an extra $11.90 per quarter.
In total, quarterly dividend income will be boosted $46.90, or a monthly average of $15.63. That’s not all that much to get excited about, but it *is* steady growth of income and that’s what counts.
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