IPG Dividend Type Payments

Although IPG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Interpublic Group of Companies, Inc. (The) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Interpublic Group of Companies, Inc. (The) (IPG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
28.00	28.48	28.22	+0.39	5.8M	13	10B

IPG Dividend-Like Income Using Covered Calls

With IPG at 28.22, 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%	0.85	0.2
5%	1.41	0.4
10%	2.82	0.8

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 IPG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	30.00	0.40	87	0.5	1.52 (5.4%)
Jul 18	30.00	0.90	179	0.5	1.52 (5.4%)

5% Yield On IPG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	30.00	0.40	87	0.5	1.52 (5.4%)
Jul 18	30.00	0.90	179	0.5	1.52 (5.4%)

10% Yield On IPG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 21	29.00	0.30	32	0.9	0.52 (1.8%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Feb 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SLV dividend	1.	QUBT dividend
2.	TLT dividend	7.	TSLA dividend	2.	RGTI dividend
3.	SPY dividend	8.	AMZN dividend	3.	MSTR dividend
4.	IWM dividend	9.	ASHR dividend	4.	QBTS dividend
5.	FXI dividend	10.	AAPL dividend	5.	MBLY dividend

Want more examples? IPAY Dividend | IPGP Dividend