Pfizer Inc (PFE)

[GreedyAgorist]

Sold another cash covered put worth two dividends. Speaking of which, Pfizer just raised the dividend by a penny to 39 cents a quarter. That would be 4% yearly at $39/share.

In case you have not noticed, PFE is not a high flying penny stock or a CEO-as-tech-darling play like TSLA or some others we could recall over the years. It is a stodgy old blue chip dividend paying corporation, so much so that, until recently, it was in the Dow 30. It left the Dow this year before paying out a 12.4% dividend last month in the form of shares in another company, VTRS.

Yes, these dividend champs are capable of some money making swings. If the 4% annual yield is too boring for you, that is where options come in to let you squeeze some more out of your position. For those who crave more "action," cash covered puts or covered calls can provide that while you wait for that quarterly payout. I suggest selling the former on down days, and the latter (if you have the shares) on up days.