AON Dividend Type Payments

Aon plc Class A Ordinary Shares (Ireland) dividend

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 Fri 4:16 PM ET):

Aon plc Class A Ordinary Shares (Ireland) (AON)
Bid Ask Last Change Volume P/E Market Cap
279.25 400.00 367.01 +0.66 1.1M 31 79B

AON Dividend-Like Income Using Covered Calls

With AON at 367.01, 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% 11.01 3.0
5% 18.35 5.0
10% 36.70 10.1

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 19 400.00 5.30 127 4.2 0.00 (0.0%)
Nov 21 400.00 3.30 99 3.3 0.00 (0.0%)

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