AON Dividend

Although AON has a dividend of 0.75 with an ex-dividend date of Nov 3, 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
325.75	349.00	346.60	+3.48	2.1M	29	74B

AON Dividend-Like Income Using Covered Calls

With AON at 346.60, 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%	10.40	2.8
5%	17.33	4.7
10%	34.66	9.5

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	350.00	13.40	64	20.9	1.00 (0.3%)
Nov 21	350.00	10.70	36	29.7	1.00 (0.3%)

5% Yield On AON Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	350.00	13.40	64	20.9	1.00 (0.3%)
Nov 21	350.00	10.70	36	29.7	1.00 (0.3%)

10% Yield On AON Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	350.00	13.40	64	20.9	1.00 (0.3%)
Nov 21	350.00	10.70	36	29.7	1.00 (0.3%)

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Want more examples? AOM Dividend | AOR Dividend