r/Money May 04 '24

Making $1,000+ Monthly in Passive Income

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u/nubnub92 May 04 '24

TSLY is down 33% YTD and APLY is down 8% YTD. do they pay dividends? am I missing something?

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u/WolfPackWSB May 04 '24

It's lowest monthly dividend this year was 5.6%. Keep the payout reinvested. When you play enough of it using covered calls you end up with a lower average cost per share. This market has been simple with its trends to gradually work down your risk to $0/per share by collecting premiums of selling calls!

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u/nubnub92 May 05 '24

wow ty this feels like an investment cheat code, I'll buy some tomorrow. where can you see the historical monthly payout percentages? I couldn't find them on their website

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u/WolfPackWSB May 07 '24

Google them, they will show its % return based monthly & yearly. Since most are only about 12-24 months old you really see the value in return dividend wise. The bottom prices show return on price which is just showing its trading $$ price cause it varies from $12-24/share