DELL Dividend Type Payments
Although DELL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Dell Technologies Inc. Class C to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:45 PM ET):
| Dell Technologies Inc. Class C (DELL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 117.03 | 117.09 | 117.06 | +1.63 | 2.6M | 15 | 84B |
DELL Dividend-Like Income Using Covered Calls
With DELL at 117.06, 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% | 3.51 | 1.0 |
| 5% | 5.85 | 1.6 |
| 10% | 11.71 | 3.2 |
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 DELL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 117.00 | 3.85 | 12 | 31.3 | 0.00 (0.0%) | |
| Mar 6 | 117.00 | 7.70 | 40 | 19.0 | 0.00 (0.0%) | |
| 5% Yield On DELL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 117.00 | 3.85 | 12 | 31.3 | 0.00 (0.0%) | |
| Mar 6 | 117.00 | 7.70 | 40 | 19.0 | 0.00 (0.0%) | |
| 10% Yield On DELL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 117.00 | 3.85 | 12 | 31.3 | 0.00 (0.0%) | |
| Mar 6 | 117.00 | 7.70 | 40 | 19.0 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | CORZ dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | SLV dividend | |
| 3. | NVDA dividend | 8. | AAPL dividend | 3. | ENPH dividend | |
| 4. | IBIT dividend | 9. | HYG dividend | 4. | QURE dividend | |
| 5. | QQQ dividend | 10. | SPY dividend | 5. | IREN dividend | |
Want more examples? DEI Dividend | DEM Dividend
