I have recently opened an account to start a dividend investment strategy. The focus of this account is maximizing the yield of the account.
One stock that I have in the account is Oxford Lane Capital; I bought a 100 shares at $109.48. But I am currently looking forward to the 2nd dividend payout at $.40 a share or $40 a quarter.
So, if the payouts remain constant I am looking at a basis yield of 14.6147%.
This type of strategy is different from my usual asset allocation approach. But one of my goals for this year is to learn from my clients and see if their ideas can be used to spur more personal income. Based upon the brokerage software I am looking at an aggregate return of over 10% for this account. This account includes the penny stock I bought of a former employer for pure thrills and giggles alone.
One of my kids is intrigued by the thoughts to consider it for himself.