AEM Dividend

Although AEM has a dividend of 0.40 with an ex-dividend date of Dec 1, you can sell covered calls on Agnico Eagle Mines Limited to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Agnico Eagle Mines Limited (AEM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
152.10	153.59	153.25	-0.48	2.3M	26	34B

AEM Dividend-Like Income Using Covered Calls

With AEM at 153.25, 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%	4.60	1.3
5%	7.66	2.1
10%	15.33	4.2

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 AEM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	155.00	3.90	22	17.7	1.41 (0.9%)
Oct 10	155.00	4.70	29	16.2	1.41 (0.9%)

5% Yield On AEM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	155.00	3.90	22	17.7	1.41 (0.9%)
Oct 10	155.00	4.70	29	16.2	1.41 (0.9%)

10% Yield On AEM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	155.00	3.90	22	17.7	1.41 (0.9%)
Oct 10	155.00	4.70	29	16.2	1.41 (0.9%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	ATYR dividend
2.	SPY dividend	7.	IBIT dividend	2.	OPEN dividend
3.	IWM dividend	8.	SLV dividend	3.	IONQ dividend
4.	PCG dividend	9.	TSLA dividend	4.	QURE dividend
5.	EEM dividend	10.	FXI dividend	5.	ARCT dividend

Want more examples? AEL Dividend | AEO Dividend