GOOG Dividend

Although GOOG has a dividend of 0.21 with an ex-dividend date of Dec 8, you can sell covered calls on Alphabet Inc. - Class C Capital Stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:25 PM ET):

Alphabet Inc. - Class C Capital Stock (GOOG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
296.45	296.50	296.46	+6.48	24.4M	30	3,499B

GOOG Dividend-Like Income Using Covered Calls

With GOOG at 296.46, 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%	8.89	2.4
5%	14.82	4.1
10%	29.65	8.1

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 GOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	297.50	8.20	15	54.7	1.00 (0.3%)
Dec 12	300.00	8.95	22	40.7	3.50 (1.2%)

5% Yield On GOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	297.50	8.20	15	54.7	1.00 (0.3%)
Dec 12	300.00	8.95	22	40.7	3.50 (1.2%)

10% Yield On GOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	297.50	8.20	15	54.7	1.00 (0.3%)
Dec 12	300.00	8.95	22	40.7	3.50 (1.2%)

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Want more examples? GOOD Dividend | GOOGL Dividend