CMCSA Dividend
Although CMCSA has a dividend of 0.31 with an ex-dividend date of Oct 2, 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 Wed 12:00 PM ET):
| Comcast Corporation - Class A (CMCSA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 40.83 | 40.84 | 40.83 | -0.52 | 4.9M | 11 | 160B |
CMCSA Dividend-Like Income Using Covered Calls
With CMCSA at 40.83, 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% | 1.22 | 0.3 |
| 5% | 2.04 | 0.6 |
| 10% | 4.08 | 1.1 |
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 | |
| Nov 1 | 41.00 | 1.26 | 38 | 3.3 | 0.16 (0.4%) | |
| Oct 4 | 41.00 | 0.41 | 10 | 4.1 | 0.16 (0.4%) | |
| 5% Yield On CMCSA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 41.00 | 1.26 | 38 | 3.3 | 0.16 (0.4%) | |
| Oct 4 | 41.00 | 0.41 | 10 | 4.1 | 0.16 (0.4%) | |
| 10% Yield On CMCSA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 41.00 | 1.26 | 38 | 3.3 | 0.16 (0.4%) | |
| Oct 4 | 41.00 | 0.41 | 10 | 4.1 | 0.16 (0.4%) | |
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | HYG dividend | 1. | DJT dividend | |
| 2. | IWM dividend | 7. | EEM dividend | 2. | WVE dividend | |
| 3. | SPY dividend | 8. | FXI dividend | 3. | CPRI dividend | |
| 4. | SLV dividend | 9. | GLD dividend | 4. | CLSK dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | SAVA dividend | |
Want more examples? CMCO Dividend | CMDT Dividend
