Friday, September 29, 2017
NLY WILL BE NEXT STOCK PURCHASE WITH MONEY FROM SWAGBUCKS
After a few hours of research, I've decided to make NLY my next stock purchased with money earned on Swagbucks. Although this REIT pays quarterly instead of monthly, it has a 9.62% yield on current price of $12.19 per share. It also has a very low P/E of 4.22 with sufficient earnings to more than cover their quarterly dividend of 30 cents per share. Since REITs throw off a lot of income as a rule, it will make a good addition to my ROTH IRA where the income will be tax free. I should be able to easily earn enough on Swagbucks to make my initial purchase before the ex. date of 12/28 to collect my first dividend in January 2018.
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