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About three months back, I first wrote about the possibility of including high dividend yield stocks as one component of my early retirement portfolio. That combined with the little known fact that D has a keen interest in equity trading (seriously, she just started trading one day out of the blue and has become quite adept at it now) meant that I was passively watching — for some real world experience — if anything in D’s portfolio would yield dividends.
By chance, and I’m really lucky here, that happened twice.
First, TELCO with an average purchase price (including the trading cost of buying) of Rs 239.31 gave a dividend yield of 1.67% (Rs 4 / Rs 239.31).
Second, INDGAS with an average purchase price (including the trading cost of buying) of Rs 227.66 gave a dividend yield of 2.20% (Rs 5 / Rs 227.66).
Paltry? Yeah! (That annuity plan we recently tore apart was much much better.)
The other problem is that dividends are most often a once-in-a-year event while I’m looking at a steady monthly income. Or maybe I should consider having a few such annual payouts in my portfolio as booster income? Or maybe I should just give D a separate corpus and ask her to generate a target monthly income [from profits, say Rs 1,000 per month for every Rs 100,000 invested] through equity trading and have that feed into my ere portfolio?
More thoughts to chew upon.
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