CMCSA Dividend
Although CMCSA has a dividend of 0.31 with an ex-dividend date of Jan 8, you can sell covered calls on Comcast Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
Comcast Corporation - Class A (CMCSA) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
42.94 | 43.04 | 43.00 | +0.12 | 13.6M | 12 | 164B |
CMCSA Dividend-Like Income Using Covered Calls
With CMCSA at 43.00, 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% | 1.29 | 0.4 |
5% | 2.15 | 0.6 |
10% | 4.30 | 1.2 |
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 CMCSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 43.00 | 0.47 | 19 | 2.3 | 0.00 (0.0%) | |
Dec 13 | 43.00 | 0.49 | 26 | 1.7 | 0.00 (0.0%) |
5% Yield On CMCSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 43.00 | 0.47 | 19 | 2.3 | 0.00 (0.0%) | |
Dec 13 | 43.00 | 0.49 | 26 | 1.7 | 0.00 (0.0%) |
10% Yield On CMCSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 43.00 | 0.47 | 19 | 2.3 | 0.00 (0.0%) | |
Dec 13 | 43.00 | 0.49 | 26 | 1.7 | 0.00 (0.0%) |
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Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
2. | SPY dividend | 7. | XLF dividend | 2. | CRVS dividend | |
3. | EEM dividend | 8. | KWEB dividend | 3. | ANAB dividend | |
4. | FXI dividend | 9. | TLT dividend | 4. | APP dividend | |
5. | IWM dividend | 10. | KRE dividend | 5. | RCAT dividend |
Want more examples? CMCO Dividend | CMDT Dividend