ALC Dividend Type Payments

Although ALC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alcon Inc. Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Alcon Inc. Ordinary Shares (ALC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
75.24	80.50	79.19	+0.39	933K	37	39B

ALC Dividend-Like Income Using Covered Calls

With ALC at 79.19, 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%	3.96	1.1
10%	7.92	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 ALC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	82.50	0.05	5	1.0	2.00 (2.5%)
May 15	82.50	4.10	152	2.7	2.00 (2.5%)

5% Yield On ALC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	82.50	4.10	152	2.7	2.00 (2.5%)
Jan 16	82.50	0.95	33	2.9	2.00 (2.5%)

10% Yield On ALC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	82.50	4.10	152	2.7	2.00 (2.5%)
Jan 16	82.50	0.95	33	2.9	2.00 (2.5%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	NKTR dividend
2.	SPY dividend	7.	TLT dividend	2.	TE dividend
3.	IBIT dividend	8.	TSLA dividend	3.	HUT dividend
4.	IWM dividend	9.	SLV dividend	4.	TLRY dividend
5.	QQQ dividend	10.	NFLX dividend	5.	BHVN dividend

Want more examples? ALB Dividend | ALDX Dividend