AIG Dividend

Although AIG has a dividend of 0.45 with an ex-dividend date of Sep 16, you can sell covered calls on American International Group, Inc. New to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:35 AM ET):

American International Group, Inc. New (AIG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
79.45	79.46	79.45	+0.97	470K	15	44B

AIG Dividend-Like Income Using Covered Calls

With AIG at 79.45, 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%	2.38	0.7
5%	3.97	1.1
10%	7.95	2.2

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 AIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	80.00	1.10	24	4.6	0.54 (0.7%)
Sep 12	81.00	0.50	31	1.6	1.54 (1.9%)

5% Yield On AIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	80.00	1.10	24	4.6	0.54 (0.7%)
Sep 12	81.00	0.50	31	1.6	1.54 (1.9%)

10% Yield On AIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	80.00	1.10	24	4.6	0.54 (0.7%)
Aug 15	80.00	0.30	3	10.0	0.54 (0.7%)

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

Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IBIT dividend	1.	DLO dividend
2.	SLV dividend	7.	INTC dividend	2.	AAP dividend
3.	SPY dividend	8.	GLD dividend	3.	CRML dividend
4.	TSLA dividend	9.	AMZN dividend	4.	QUBT dividend
5.	IWM dividend	10.	QQQ dividend	5.	MBX dividend

Want more examples? AIEQ Dividend | AIN Dividend