NGG Dividend Type Payments
Although NGG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on National Grid Transco, PLC National Grid PLC (NEW) American Depositary S to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:15 PM ET):
| National Grid Transco, PLC National Grid PLC (NEW) American Depositary S (NGG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 70.04 | 70.07 | 70.03 | -0.29 | 663K | - | 35B |
NGG Dividend-Like Income Using Covered Calls
With NGG at 70.03, 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% | 2.10 | 0.6 |
| 5% | 3.50 | 1.0 |
| 10% | 7.00 | 1.9 |
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 NGG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 70.00 | 1.15 | 18 | 6.0 | 0.00 (0.0%) | |
| Sep 19 | 70.00 | 2.10 | 53 | 3.8 | 0.00 (0.0%) | |
| 5% Yield On NGG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 70.00 | 1.15 | 18 | 6.0 | 0.00 (0.0%) | |
| Sep 19 | 70.00 | 2.10 | 53 | 3.8 | 0.00 (0.0%) | |
| 10% Yield On NGG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 70.00 | 1.15 | 18 | 6.0 | 0.00 (0.0%) | |
| Sep 19 | 70.00 | 2.10 | 53 | 3.8 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | IBIT dividend | 1. | EOSE dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | APLD dividend | |
| 3. | GLD dividend | 8. | AMZN dividend | 3. | MBX dividend | |
| 4. | IWM dividend | 9. | QQQ dividend | 4. | NET dividend | |
| 5. | SPY dividend | 10. | INTC dividend | 5. | AUR dividend | |
Want more examples? NGD Dividend | NGL Dividend
