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No. of Recommendations: 7
One of my gages of buying fixed income is the years it takes a dividend growth stock to match the income of the fixed income. The older I get the lower this number needs to be.

Using O and 3.5% DGR it will take O 11 years before its dividend will exceed 6% fixed income.
That 11 years stretches out to 14 years if the fixed income excess is re-invested in more fixed income each year (I.E. $10,000 of O generates $439.10 in income year 1 versus $600 for Fixed. The $160.90 excess can be invested to create $9.65 in year 2 fixed income, etc.).

Now just suppose the O is trading for $75 versus current price of $67.41 the years stretch out to 20+.
Of course when O gets to $75 I'll likely sell CC's against my O shares as I have in the past.

When O gets too cheap I'll sell PUTs too.

Long preferreds at 5% of portfolio (and growing)
Long O, short 6/17/22 $85 CC's sold on 10/25/2021, short 6/17/22 $57.50 PUTs sold on 3/1/2022.
OK, sell O for $85 or buy for $57.50. I'm happy if either happens.
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