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 Tue 4:16 PM ET):
Alamos Gold Inc. Class A Common Shares (AGI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
19.20 | 19.63 | 19.50 | +0.09 | 1.8M | 39 | 7.6B |
AGI Dividend-Like Income Using Covered Calls
With AGI at 19.50, 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% | 0.59 | 0.2 |
5% | 0.98 | 0.3 |
10% | 1.95 | 0.5 |
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 | |
Nov 15 | 20.00 | 0.70 | 39 | 1.8 | 0.37 (1.9%) | |
Oct 18 | 20.00 | 0.20 | 11 | 1.8 | 0.37 (1.9%) |
5% Yield On AGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 20.00 | 0.70 | 39 | 1.8 | 0.37 (1.9%) | |
Oct 18 | 20.00 | 0.20 | 11 | 1.8 | 0.37 (1.9%) |
10% Yield On AGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 20.00 | 0.70 | 39 | 1.8 | 0.37 (1.9%) | |
Oct 18 | 20.00 | 0.20 | 11 | 1.8 | 0.37 (1.9%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | ASTS dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | IREN dividend | |
3. | FXI dividend | 8. | SMCI dividend | 3. | APLD dividend | |
4. | SPY dividend | 9. | HYG dividend | 4. | HUM dividend | |
5. | QQQ dividend | 10. | TSLA dividend | 5. | SERV dividend |
Want more examples? AGGY Dividend | AGIO Dividend