AEE Dividend Type Payments
Although AEE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ameren Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
Ameren Corporation (AEE) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
84.93 | 85.81 | 85.81 | -0.57 | 1.2M | 20 | 23B |
AEE Dividend-Like Income Using Covered Calls
With AEE at 85.81, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
Annual Yield | Annual Premium | Cents/Day |
---|---|---|
3% | 2.57 | 0.7 |
5% | 4.29 | 1.2 |
10% | 8.58 | 2.4 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
3% Yield On AEE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 90.00 | 0.70 | 37 | 1.9 | 4.19 (4.9%) | |
Dec 20 | 90.00 | 1.25 | 72 | 1.7 | 4.19 (4.9%) |
5% Yield On AEE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 90.00 | 0.70 | 37 | 1.9 | 4.19 (4.9%) | |
Dec 20 | 90.00 | 1.25 | 72 | 1.7 | 4.19 (4.9%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | MBLY dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | LYFT dividend | |
3. | FXI dividend | 8. | TSLA dividend | 3. | HUM dividend | |
4. | SPY dividend | 9. | HYG dividend | 4. | TDOC dividend | |
5. | QQQ dividend | 10. | SMCI dividend | 5. | U dividend |
Want more examples? ADVM Dividend | AEG Dividend