Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

July 2021 Dividends – SLG

Posted on | July 14, 2021 | No Comments

SL Green Realty corp
Ticker: SLG

Recent high: February of 2020 – 97.81.
Current price on 7/14/2021: 77.52

SLG profile from Wikipedia:
SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2019, the company owned 43 properties comprising 14,438,964 square feet. Notable properties owned by the company are One Astor Plaza, One Vanderbilt, 461 Fifth Avenue, 810 Seventh Avenue, 919 Third Avenue, the Pershing Square Building, and Random House Tower.

I first heard of SLG over 5 years ago when it was trading as high as $120. Since then I’ve been watching and came across it again when I was screening for dividend stocks to purchase for my mortgage payoff portfolio. I like the potential in stock price appreciation once the New York office space returns to normal and the steady (maybe growth? I hope!) dividend going forward. I purchased 10 shares at 69.90 through the mortgage payoff fund and locked in a yield on cost of about 5.2%. The current dividend is $3.64 per year and another advantage SLG offers is that it pays dividends monthly. While I only received 3.03 this month, it will add up throughout the year. As with other dividends received from this portfolio, I’ll apply the dividend toward paying off the principal on mortgage #1 early.


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