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 Tue 10:30 AM ET):

AstraZeneca PLC - American Depositary Shares (AZN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
67.70	67.73	67.70	-1.25	1.5M	14	34B

AZN Dividend-Like Income Using Covered Calls

With AZN at 67.70, 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%	2.03	0.6
5%	3.39	0.9
10%	6.77	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
Jun 6	68.00	1.92	25	7.7	0.27 (0.4%)
Jun 13	68.00	2.15	32	6.7	0.27 (0.4%)

5% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	68.00	1.92	25	7.7	0.27 (0.4%)
Jun 13	68.00	2.15	32	6.7	0.27 (0.4%)

10% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	68.00	1.92	25	7.7	0.27 (0.4%)
Jun 13	68.00	2.15	32	6.7	0.27 (0.4%)

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Want more examples? AZEK Dividend | AZO Dividend