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 Fri 4:16 PM ET):
| AstraZeneca PLC - American Depositary Shares (AZN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 69.70 | 69.90 | 69.85 | -0.22 | 3.1M | 14 | 35B |
AZN Dividend-Like Income Using Covered Calls
With AZN at 69.85, 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% | 2.10 | 0.6 |
| 5% | 3.49 | 1.0 |
| 10% | 6.99 | 1.9 |
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 AZN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 70.00 | 2.24 | 36 | 6.2 | 0.10 (0.1%) | |
| Jul 3 | 70.00 | 0.60 | 7 | 8.6 | 0.10 (0.1%) | |
| 5% Yield On AZN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 70.00 | 2.24 | 36 | 6.2 | 0.10 (0.1%) | |
| Jul 3 | 70.00 | 0.60 | 7 | 8.6 | 0.10 (0.1%) | |
| 10% Yield On AZN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 70.00 | 2.24 | 36 | 6.2 | 0.10 (0.1%) | |
| Jul 3 | 70.00 | 0.60 | 7 | 8.6 | 0.10 (0.1%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | ENPH dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | SERV dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | CRWV dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | RCAT dividend | |
Want more examples? AZEK Dividend | AZO Dividend
