Get Rich - Stay Rich - Investing for Monthly Income

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September 2012 Monthly Income Plan Update

As we approach the end of the September option expiration cycle, the Get Rich Monthly Income Plan had a great month for investors.

In January, we kicked off the perpetual covered call strategy. For those who are new to this concept, let me share the rationale of this income investment. This strategy was created to produce monthly income with stock dividends and covered call premium. In addition, there is a protective, blanket put, to ensure the volatility in the market does not affect your return of capital.

We will be adding one new perpetual covered call each month to keep fresh ideas on the table. We will follow the progress of the perpetual covered calls each month the year. I will email premium members with trading directions when an action is required. Here are some of the results for 2012:

Perpetual Covered Call Returns:

Stock 1 – Oil Company has an YTD total return of 153% including dividends and special dividends.

Stock 2 – Drug Store Company with an YTD total return of 68.1% including dividends.

Stock 3 – Technology Company with an YTD total return of 27.3% including dividends.

Year to date, the SPY (S&P 500) is up 16.1% and the Powershares S&P 500 Buy-Write (PBP) is up 8.16%.

We also provide a list of stocks for monthly covered calls. Here we change the list each month based on investing in the right stock for monthly income. For the September option cycle, this was a great month for our Monthly covered call trades.

We made monthly returns of:

7.83% on GME,

6.91% on LAD,

3.8% on COH, and

3.4% on PSX,

We have added the covered put trades as an additional way to sell premium and to enter stock positions. I frequently sell puts to enter a new stock position because (1) I get the stock at a lower price than it is trading at the market. (2) I get to produce income from the premium I receive when selling the puts. If the stock is above the put strike price at expiration, I keep the premium and have the opportunity to sell more outs or just purchase the stock cheaper because I have the put premium to cover partial costs. I have used this technique for several months on the same stock before I get the stock put to me. This creates enough income to really lower the total cost of the stock. Then, when the stock is put to me, I sell calls (covered) to earn more income until the stock is called away. Then – rinse and repeat.

For investors wanting to create monthly income, the Get Rich Monthly Income Plan is right for you. Click here to learn more.

Companies Increasing Dividends

Realty Income Corporation (O), known as “The Monthly Dividend Company”,  announced that its Board of Directors has declared an increase in the Company’s common stock monthly cash dividend to $0.151125 per share from $0.146125 per share. The dividend is payable on September 17, 2012 to shareholders of record as of September 4, 2012.  This is the 67th dividend increase since Realty Income  went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.8135 per share as compared to the previous annualized dividend amount of$1.7535 per share. The Company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis.

Realty Income has a current dividend yield of 4.2%.  The Company has averaged an annual dividend increase of 2.72% over the last 5 years.

Northrim BanCorp, Inc. (NRIM) announced its Board of Directors increased its regular quarterly cash dividend 15% to $0.15 per share from $0.13 per share in the preceding quarter. The dividend will be paid September 14, 2012, to shareholders of record at the close of business September 6, 2012. Northrim has paid a regular quarterly cash dividend since 1995, and offers a current annualized dividend yield of 2.86% at current market share prices.

Northrim BanCorp recently reported net profits of $3.1 million, or $0.48 per diluted share, in the second quarter of 2012, compared to $2.6 million, or $0.39 per diluted share, in the preceding quarter and $3.2 million, or $0.49 per diluted share, in the second quarter a year ago.

Northrim Bancorp has an equity summary score of 9.7 out of 10 for a VERY Bullish outlook.  Analysts have a consensus rating of 1.5 for a strong buy rating.

Bob Evans Restaurants (BOBE) approved a 10% increase in the quarterly dividend rate, from 25 cents per share to 27.5 cents per share. The increased dividend is payable on Monday, September 17, 2012, to shareholders of record at the close of business on Tuesday, September 4, 2012.

CEO Davis said, “Improved sales performance at Bob Evans Restaurants and BEF Foods gives us the confidence to raise our dividend rate for the seventh consecutive year.  Our new annual dividend rate of $1.10 per share represents a 129 percent increase from the $0.48 per share rate in fiscal 2006.  Our strong balance sheet enables us to deliver adjusted earnings growth through disciplined capital investments, and it also enables us to continue to return cash to our shareholders.  We are committed to this balanced approach of driving shareholder value through ongoing investments in the business, and return of cash to shareholders.”

Bob Evans has a dividend yield of 2.74%.  Bob Evans has an equity summary score of 9.8 out of 10 for a VERY Bullish outlook.  Analysts have a consensus rating of 2.8 for a hold rating.

GameStop Corp. (GME) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 66.7% increase from the prior dividend of $0.15.  The dividend will be payable on September 12, 2012, to stockholders of record on August 28, 2012, with an ex-dividend date of August 24, 2012.

Gamestop has an annual dividend yield of 5.9%.  GameStop has an equity summary score of 7.7 out of 10 for a Bullish outlook.  Analysts have a consensus rating of 2.4 for a buy rating.

Parkway Properties, Inc. (PKY) announced today that its Board of Directors declared a quarterly dividend of $0.1125 per share, a 50% increase from the prior quarterly amount and higher than the previously announced anticipated increase.  The dividend is payable on September 26, 2012 to shareholders of record for Common Stock on September 12, 2012.  This dividend is the 104th consecutive quarterly distribution to Parkway’s shareholders of Common Stock and represents an annualized dividend rate of $0.45 per share.

Funds from operations (“FFO”) available to common shareholders totaled $7.9 million, or $0.32 per diluted share for the second quarter 2012, as compared to $1.7 million, or $0.08 per diluted share, for the prior year period. Recurring FFO totaled $9.3 million, or $0.38 per diluted share for the second quarter 2012, as compared to $12.7 million, or $0.59 per diluted share, for the prior year period.

Parkway Properties has an equity summary score of 7.8 out of 10 for a Bullish outlook.  Analysts have a consensus rating of 2.8 for a hold rating.

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