Mark Hake
Apr 10, 2021

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Now that the company is paying a 10 cents quarterly dividend, it gives UWMC a healthy 5%+ dividend yield going forward. That will help stabilize the stock and you can use that to average cost down. In addition, right before the dividend gets paid, the stock is likely to rise and you can sell call options for every 100 shares you own, to increase your yield. This seems to be the best way to manage your way out of this stock over the long term.

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Mark Hake
Mark Hake

Written by Mark Hake

CFA, MBA, and former hedge fund manager and investment research firm owner. Email me at mrhake@gmail.com if you have writing/research projects.

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