INTC Dividend Type Payments

Intel Corporation dividend

Although INTC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Intel Corporation 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):

Intel Corporation (INTC)
Bid Ask Last Change Volume P/E Market Cap
20.85 20.87 20.77 -0.70 115M 93 92B

INTC Dividend-Like Income Using Covered Calls

With INTC at 20.77, 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% 0.62 0.2
5% 1.04 0.3
10% 2.08 0.6

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 INTC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 4 21.00 0.79 17 4.6 0.13 (0.6%)
Oct 11 21.00 0.95 24 4.0 0.13 (0.6%)
5% Yield On INTC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 4 21.00 0.79 17 4.6 0.13 (0.6%)
Oct 11 21.00 0.95 24 4.0 0.13 (0.6%)
10% Yield On INTC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 4 21.00 0.79 17 4.6 0.13 (0.6%)
Oct 11 21.00 0.95 24 4.0 0.13 (0.6%)

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