AGR Dividend
Although AGR has a dividend of 0.44 with an ex-dividend date of Dec 2, you can sell covered calls on Avangrid, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:05 PM ET):
| Avangrid, Inc. (AGR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 35.74 | 35.75 | 35.74 | 0.00 | 293K | 14 | 14B |
AGR Dividend-Like Income Using Covered Calls
With AGR at 35.74, 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% | 1.07 | 0.3 |
| 5% | 1.79 | 0.5 |
| 10% | 3.57 | 1.0 |
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:
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| 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. | AEHR dividend | |
| 4. | SPY dividend | 9. | HYG dividend | 4. | MBLY dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | SERV dividend | |
Want more examples? AGQ Dividend | AGRO Dividend
