AON Dividend Type Payments

Although AON has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Aon plc Class A Ordinary Shares (Ireland) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:20 PM ET):

Aon plc Class A Ordinary Shares (Ireland) (AON)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
351.87	352.18	351.96	-1.83	462K	28	76B

AON Dividend-Like Income Using Covered Calls

With AON at 351.96, 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%	10.56	2.9
5%	17.60	4.8
10%	35.20	9.6

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 AON Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	360.00	0.30	5	6.0	7.82 (2.2%)
Jan 16	360.00	4.50	33	13.6	7.82 (2.2%)

5% Yield On AON Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	360.00	0.30	5	6.0	7.82 (2.2%)
Jan 16	360.00	4.50	33	13.6	7.82 (2.2%)

10% Yield On AON Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	360.00	4.50	33	13.6	7.82 (2.2%)
Apr 17	360.00	14.10	124	11.4	7.82 (2.2%)

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Want more examples? AOM Dividend | AOR Dividend