AVGO Dividend

Although AVGO has a dividend of 0.59 with an ex-dividend date of Jun 20, you can sell covered calls on Broadcom Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:40 PM ET):

Broadcom Inc. (AVGO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
250.16	250.27	250.22	-9.71	23.5M	125	1,222B

AVGO Dividend-Like Income Using Covered Calls

With AVGO at 250.22, 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%	7.51	2.1
5%	12.51	3.4
10%	25.02	6.9

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 AVGO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	250.00	10.40	28	36.2	0.00 (0.0%)
Jul 11	250.00	11.85	36	32.2	0.00 (0.0%)

5% Yield On AVGO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	250.00	10.40	28	36.2	0.00 (0.0%)
Jul 11	250.00	11.85	36	32.2	0.00 (0.0%)

10% Yield On AVGO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	250.00	10.40	28	36.2	0.00 (0.0%)
Jul 11	250.00	11.85	36	32.2	0.00 (0.0%)

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Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	APP dividend
2.	SPY dividend	7.	EEM dividend	2.	DYN dividend
3.	SLV dividend	8.	TSLA dividend	3.	SERV dividend
4.	QQQ dividend	9.	FXI dividend	4.	ALT dividend
5.	GLD dividend	10.	TLT dividend	5.	SFIX dividend

Want more examples? AVEM Dividend | AVIG Dividend