However, not all is lost. I still have another few days… and a lot can change.
You’ll notice that I picked up a little HSEB – Hsbc Holdings Plc 8.00% preferred. It’s a bit of a gamble. But, I thought I would do a small, real world test to see how it works out. HSEB has been callable since December 2015. Meaning HSBC could redeem this preferred stock at its $25 price. If this were to happen tomorrow, I would loose $2 ([$27 buy price – $25 call price = $2 loss] or a total of $60 with my 30 shares). That would stink and would probably be a good lesson to learn… as risking real money on tests isn’t very bright.
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However on the flip side, until they do call, they will pay $.50 every quarter. So, if they don’t call until the end of next year, I will receive 5 dividends payments of .50 each (.5 dividend x 5 quarters = $2.5). That would be alright. We’ll see how this shakes out.
New Buys - September 2017
Below is a graphic chart from Simply Wall St that shows the dividend yield range for the stock purchased above.
DIS Dividend Yield
My dividend portfolio has been updated with these buys. I will keep this page updated with additional purchases made this month.
