PEG Dividend

Although PEG has a dividend of 0.63 with an ex-dividend date of Sep 9, you can sell covered calls on Public Service Enterprise Group Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 12:05 PM ET):

Public Service Enterprise Group Incorporated (PEG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
83.68	83.71	83.70	-1.46	645K	22	43B

PEG Dividend-Like Income Using Covered Calls

With PEG at 83.70, 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%	2.51	0.7
5%	4.19	1.1
10%	8.37	2.3

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 PEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	85.00	2.10	58	3.6	1.29 (1.5%)
Sep 19	85.00	1.25	30	4.2	1.29 (1.5%)

5% Yield On PEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	85.00	2.10	58	3.6	1.29 (1.5%)
Sep 19	85.00	1.25	30	4.2	1.29 (1.5%)

10% Yield On PEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	85.00	2.10	58	3.6	1.29 (1.5%)
Sep 19	85.00	1.25	30	4.2	1.29 (1.5%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SLV dividend	1.	IREN dividend
2.	PCG dividend	7.	FXI dividend	2.	ATYR dividend
3.	IWM dividend	8.	QQQ dividend	3.	MBX dividend
4.	SPY dividend	9.	IBIT dividend	4.	BHVN dividend
5.	EEM dividend	10.	INTC dividend	5.	DNTH dividend

Want more examples? PEBO Dividend | PEGA Dividend