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 |
| 38.90 | 39.82 | 38.90 | -1.40 | 3.8M | - | 16B |
AGI Dividend-Like Income Using Covered Calls
With AGI at 38.90, 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% | 1.17 | 0.3 |
| 5% | 1.95 | 0.5 |
| 10% | 3.89 | 1.1 |
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 | |
| Jun 18 | 40.00 | 3.30 | 154 | 2.1 | 0.18 (0.5%) | |
| Sep 18 | 40.00 | 6.00 | 246 | 2.4 | 0.18 (0.5%) | |
| 5% Yield On AGI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 40.00 | 3.30 | 154 | 2.1 | 0.18 (0.5%) | |
| Sep 18 | 40.00 | 6.00 | 246 | 2.4 | 0.18 (0.5%) | |
| 10% Yield On AGI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 40.00 | 3.30 | 154 | 2.1 | 0.18 (0.5%) | |
| Sep 18 | 40.00 | 6.00 | 246 | 2.4 | 0.18 (0.5%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | HYG dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | CRML dividend | |
| 3. | NVDA dividend | 8. | INTC dividend | 3. | ONDS dividend | |
| 4. | IBIT dividend | 9. | TLT dividend | 4. | CIFR dividend | |
| 5. | CORZ dividend | 10. | QQQ dividend | 5. | EOSE dividend | |
Want more examples? AGGY Dividend | AGIO Dividend
