AGI Dividend Type Payments

Although AGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alamos Gold Inc. Class A Common Shares 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):

Alamos Gold Inc. Class A Common Shares (AGI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
31.50	32.49	31.55	-0.31	3.2M	-	13B

AGI Dividend-Like Income Using Covered Calls

With AGI at 31.55, 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%	0.95	0.3
5%	1.58	0.4
10%	3.16	0.9

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 AGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	33.00	0.90	57	1.6	0.51 (1.6%)
Nov 21	33.00	1.15	29	4.0	0.51 (1.6%)

5% Yield On AGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	33.00	0.90	57	1.6	0.51 (1.6%)
Nov 21	33.00	1.15	29	4.0	0.51 (1.6%)

10% Yield On AGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	33.00	0.90	57	1.6	0.51 (1.6%)
Nov 21	33.00	1.15	29	4.0	0.51 (1.6%)

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Want more examples? AGGY Dividend | AGIO Dividend