What fun and crazy YOLO’s are we going to pick this week?!

None, we aren’t doing that. We’re going to be as boring as possible and move on with our last bit of January we’ve got left to enjoy.

After all, January is really the most important month of the year. It’s your only chance to lay any effective groundwork for the current year. Everything from February on is just groundwork for 2025, and it’s always one big mistake.

Yes folks, January is where it’s at.

1. T - $17.29/share, weekly options, 6.66% annualized yield. Quarterly dividends, and we just ex-div’d on 1/9.
   
   The share price for AT&T is creeping steadily higher, and we want to boof our holdings before we get back to the $20+ range. AT&T also, historically, has maintained its 7% average without failing to deliver distributions.
   
   If you don’t know, now you know….. !
   
   
   

2. ET - $14.46/share, quarterly distributions, weekly options. Next ex-div 2/6/2024. 8.82% annualized yield.
   
   This is a PTP, meaning your “dividends” are actually a return of capital, and therefore not taxable (until your full cost basis is recovered).
   
   Full disclosure, we’re going to lose some shares sooner or later. Writing calls at a $12 strike pretty much guarantees it. The share price shows no sign of slowing down at this point, so it’s time to start working on our next batch of ET holdings.
   
   The silver lining, for anyone who has invested alongside us, is that when the day comes that we get assigned, we’ll be netting a 30% profit (not counting call premiums and distributions to date), so it’s really not a bad situation.
   
   

3. CVX - $149.14/share, annualized 4.05% paid quarterly. Next ex-div hasn’t been announced yet, but the last one was in November. Options trade weekly.
   
   This is Chevron, and right now the price appears to be somewhat stagnant. Might as well get our hands into this oil giant before it moves up again.
   
   If you’re like us, you don’t have $14,914 just laying around to buy a lot. We’ll start with like, $10 in fractional shares.
   
   Don’t discount the value of fractional shares! You may not be getting a vote, but you still get that dividend! Well, a fraction of it, anyway.
   
   
   

4. SUI - $124.08, options trade monthly. 2.97% annualized, paid quarterly. We won’t see the next ex-div until sometime around March.
   
   SUI represents a REIT for Sun Communities. There’s a very good chance they own some kind of property in your area. Of course, that’s not really a great reason to invest in anything, BUT, we do like real estate.
   
   Real estate or oil? If we had to choose, we’d poker face until we could make an Irish exit.
   
   

5. GLAD - $10.80/share, 9.17% annualized with quarterly distributions. Next ex-div is 2/20.
   
   This represents Gladstone Capital Corporation, a BDC (Business Development Company). The short version is that they put money into businesses, and then take money back from profits.
   
   While that’s a poor explanation of how BDC’s work, it isn’t super wrong. In any case, you’ll be glad you bought GLAD.
   
   Not apologizing.