GOOGL Dividend Type Payments
Although GOOGL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alphabet Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Alphabet Inc. - Class A (GOOGL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 243.64 | 244.13 | 244.15 | +7.58 | 23.9M | - | 2,861B |
GOOGL Dividend-Like Income Using Covered Calls
With GOOGL at 244.15, 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% | 7.32 | 2.0 |
| 5% | 12.21 | 3.3 |
| 10% | 24.42 | 6.7 |
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 GOOGL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 7 | 245.00 | 10.70 | 26 | 41.2 | 0.87 (0.4%) | |
| Nov 14 | 245.00 | 11.55 | 33 | 35.0 | 0.87 (0.4%) | |
| 5% Yield On GOOGL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 7 | 245.00 | 10.70 | 26 | 41.2 | 0.87 (0.4%) | |
| Nov 14 | 245.00 | 11.55 | 33 | 35.0 | 0.87 (0.4%) | |
| 10% Yield On GOOGL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 7 | 245.00 | 10.70 | 26 | 41.2 | 0.87 (0.4%) | |
| Nov 14 | 245.00 | 11.55 | 33 | 35.0 | 0.87 (0.4%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ARCT dividend | |
| 2. | IBIT dividend | 7. | INTC dividend | 2. | NVTS dividend | |
| 3. | GLD dividend | 8. | QQQ dividend | 3. | HIVE dividend | |
| 4. | SPY dividend | 9. | IWM dividend | 4. | AAOI dividend | |
| 5. | SLV dividend | 10. | AMZN dividend | 5. | BTBT dividend | |
Want more examples? GOOG Dividend | GOOS Dividend
