COF Dividend

Although COF has a dividend of 0.60 with an ex-dividend date of Aug 15, you can sell covered calls on Capital One Financial Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Capital One Financial Corporation (COF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
215.00	219.20	216.97	+0.24	2.9M	111	83B

COF Dividend-Like Income Using Covered Calls

With COF at 216.97, 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%	6.51	1.8
5%	10.85	3.0
10%	21.70	5.9

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 COF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	220.00	4.30	24	17.9	0.80 (0.4%)
Sep 12	220.00	5.10	31	16.5	0.80 (0.4%)

5% Yield On COF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	220.00	4.30	24	17.9	0.80 (0.4%)
Sep 12	220.00	5.10	31	16.5	0.80 (0.4%)

10% Yield On COF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	220.00	4.30	24	17.9	0.80 (0.4%)
Sep 12	220.00	5.10	31	16.5	0.80 (0.4%)

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Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IBIT dividend	1.	COHR dividend
2.	SLV dividend	7.	INTC dividend	2.	QUBT dividend
3.	SPY dividend	8.	GLD dividend	3.	DLO dividend
4.	TSLA dividend	9.	AMZN dividend	4.	RCAT dividend
5.	IWM dividend	10.	QQQ dividend	5.	CRML dividend

Want more examples? CODX Dividend | COHR Dividend