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 Wed 4:16 PM ET):
Alphabet Inc. - Class C Capital Stock (GOOG) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
162.90 | 162.94 | 163.06 | -2.64 | 19.2M | 24 | 2,040B |
GOOG Dividend-Like Income Using Covered Calls
With GOOG at 163.06, 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% | 4.89 | 1.3 |
5% | 8.15 | 2.2 |
10% | 16.31 | 4.5 |
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 | |
Nov 1 | 165.00 | 4.85 | 24 | 20.2 | 2.06 (1.3%) | |
Nov 8 | 165.00 | 5.05 | 31 | 16.3 | 2.06 (1.3%) |
5% Yield On GOOG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 165.00 | 4.85 | 24 | 20.2 | 2.06 (1.3%) | |
Nov 8 | 165.00 | 5.05 | 31 | 16.3 | 2.06 (1.3%) |
10% Yield On GOOG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 165.00 | 4.85 | 24 | 20.2 | 2.06 (1.3%) | |
Nov 8 | 165.00 | 5.05 | 31 | 16.3 | 2.06 (1.3%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | WOLF dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | SERV dividend | |
3. | FXI dividend | 8. | SMCI dividend | 3. | FUTU dividend | |
4. | SPY dividend | 9. | TSLA dividend | 4. | HUM dividend | |
5. | QQQ dividend | 10. | HYG dividend | 5. | AEHR dividend |
Want more examples? GOOD Dividend | GOOGL Dividend