CL Dividend

Although CL has a dividend of 0.52 with an ex-dividend date of Jul 18, you can sell covered calls on Colgate-Palmolive Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:30 AM ET):

Colgate-Palmolive Company (CL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
89.31	89.34	89.33	-0.79	1.3M	26	73B

CL Dividend-Like Income Using Covered Calls

With CL at 89.33, 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%	2.68	0.7
5%	4.47	1.2
10%	8.93	2.4

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 CL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	89.00	1.60	17	7.4	0.00 (0.0%)
Jul 11	89.00	1.90	25	6.2	0.00 (0.0%)

5% Yield On CL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	89.00	1.60	17	7.4	0.00 (0.0%)
Jul 11	89.00	1.90	25	6.2	0.00 (0.0%)

10% Yield On CL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	89.00	1.60	17	7.4	0.00 (0.0%)
Jul 11	89.00	1.90	25	6.2	0.00 (0.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	ALT dividend
2.	SPY dividend	7.	IWM dividend	2.	CAPR dividend
3.	QQQ dividend	8.	TLT dividend	3.	COGT dividend
4.	TSLA dividend	9.	AAPL dividend	4.	QUBT dividend
5.	SLV dividend	10.	INTC dividend	5.	BBAI dividend

Want more examples? CIVI Dividend | CLAR Dividend