GOOG Dividend Type Payments
Although GOOG has no upcoming (meaning, Board-approved and announced) dividends, 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 Thu 10:40 AM ET):
| Alphabet Inc. - Class C Capital Stock (GOOG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 179.61 | 179.62 | 179.62 | -0.14 | 6.1M | 21 | 2,181B |
GOOG Dividend-Like Income Using Covered Calls
With GOOG at 179.62, 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% | 5.39 | 1.5 |
| 5% | 8.98 | 2.5 |
| 10% | 17.96 | 4.9 |
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 GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 180.00 | 7.20 | 30 | 24.0 | 0.38 (0.2%) | |
| Aug 8 | 180.00 | 7.30 | 37 | 19.7 | 0.38 (0.2%) | |
| 5% Yield On GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 180.00 | 7.20 | 30 | 24.0 | 0.38 (0.2%) | |
| Aug 8 | 180.00 | 7.30 | 37 | 19.7 | 0.38 (0.2%) | |
| 10% Yield On GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 180.00 | 7.20 | 30 | 24.0 | 0.38 (0.2%) | |
| Aug 8 | 180.00 | 7.30 | 37 | 19.7 | 0.38 (0.2%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | RUN dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | COGT dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | SMR dividend | |
| 4. | IWM dividend | 9. | IBIT dividend | 4. | IREN dividend | |
| 5. | TSLA dividend | 10. | QQQ dividend | 5. | TEM dividend | |
Want more examples? GOOD Dividend | GOOGL Dividend
