27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Watsco, Inc. (NYSE: WSO) revealed Friday that its Board has approved a 24 percent increase in its annual dividend to $4.20 per share on each outstanding share of its Common and Class B common stock. According to the company, the increase would be reflected in its next regular dividend payment commencing in October.
The company's Chairman and CEO, Albert Nahmad, commented, "We are pleased to be able to increase dividends to our shareholders. This latest increase reflects our confidence in the business and is supported by our continued positive cash flow and our strong balance sheet."
Watsco disclosed that it paid dividends to its shareholders for over 40 straight years. The Company added that its philosophy is to share increasing amounts of cash flow through increased dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network.
The dividend provided 2.40 percent yield, which was lower than the average 3.20 percent yield for the five-year period. The company paid approximately 66 percent of its profit as dividend, which was also lower than the 97 percent payout ratio in the five-year period.
The stock traded up by 1.46 percent on Friday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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