Looks Like I Will Be Collecting A Dividend For A While—Maybe Not

3/18/2015

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T, along with the rest of the market, has
moved dramatically to the upside. Although the price is not where I need it to be to make a successful trade, it has experienced significant movement in the right direction. As of now, the options have moved higher and have the ability to make the return very respectable. With 2 days left in the week, if we can see a nice rally to the he upside, selling either the stock outright or selling the calls could become a viable option.

I am currently leaning toward the APR 10 $34.50 call. That way, I would be able to collect the dividend and potentially make a profit from being called out in addition to the call proceeds.

A few things need to line up, but if they do, I will have no issues with selling the shares in my trading account. At the moment, I am just letting things ride to see if the call value can move to the upside. If it does not, I still collect my dividend. Either way, I win. How can I nor like that idea? We shall soon see how this plays out.

Keep cranking,

Robert the DividendDreamer

—————————————————————-

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T is hitting the skids in pre market.
Well, we will see how it plays out.

Sad part about it is that VZ is down just as much, so go figure. You would think that T would see the big drop because the removal of T from the Dow harms T directly and only harms VZ indirectly, but both are getting hit the same. Sounds like a buying situation to me. I bought 45 more shares at $33.50 a few minutes ago. As long as the dividend remains stable, it is a no brainer.

However, who knows where things go from here. T has the situation with the net neutrality and now it has been kicked to the curb by the Dow. When it rains- it pours.

Keep cranking,

Robert the DividendDreamer

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About dividenddreamer

Doing what I can to make the best of today and the most of tomorrow.
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5 Responses to Looks Like I Will Be Collecting A Dividend For A While—Maybe Not

  1. Robert,

    I’m afraid this is more about rising interest rates than being removed from the DJIA. Utilities, REITS, and other high yielders are all part of today’s train wreck. My portfolio looks like a war zone today.

    MDP

    • You are right about that. Sad thing is that we all want the economy to get better and for companies to do well, but that is going to lead to increases in the interest rates. Can’t have it all.

      Thanks for stopping by. Keep the faith, and stay the course. I actually bought some more this morning.

      Keep cranking,

      Robert the DividendDreamer

  2. DivGuy says:

    I’ve seen so many bloggers buying T recently, but you might want to take a look at “our” T on the Canadian market. Telus (NYSE:TU or TSE:T) is a telecom company in Canada. The div yield is at 3.77% with an impressive growth rate lately (management aims at 10% div growth until 2016). The stock is up 132% (without dividend) for the past 5 years and the P/E is just 18.44 still. Telus is also among my favorite stock picks for Canada this year 🙂

    • You mentioned Telus a while back. I will give it a look. I actually have seen a few articles on it when looking up AT&T.

      I have been associated with T for all of my life, so it is not new to me. I have just actually started trading it in addition to having it in a dividend portfolio. I have been underwater for a few weeks now, but either way, I have many more shares and a bigger dividend in that position because of the trading.

      Thanks for stopping by.

      Keep cranking,
      Robert the DividendDreamer

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