AZN Dividend Type Payments

Although AZN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AstraZeneca PLC - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:50 AM ET):

AstraZeneca PLC - American Depositary Shares (AZN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
81.37	81.39	81.38	-0.65	1.8M	15	40B

AZN Dividend-Like Income Using Covered Calls

With AZN at 81.38, 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%	2.44	0.7
5%	4.07	1.1
10%	8.14	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 AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	82.50	2.52	45	5.6	1.11 (1.4%)
Nov 21	82.50	1.65	17	9.7	1.11 (1.4%)

5% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	82.50	2.52	45	5.6	1.11 (1.4%)
Nov 21	82.50	1.65	17	9.7	1.11 (1.4%)

10% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	82.50	2.52	45	5.6	1.11 (1.4%)
Nov 21	82.50	1.65	17	9.7	1.11 (1.4%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
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5.	GLD dividend	10.	SPY dividend	5.	CELH dividend

Want more examples? AYI Dividend | AZO Dividend