SPGI Dividend Type Payments

Although SPGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on S&P Global Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:00 AM ET):

S&P Global Inc. (SPGI)
Bid Ask Last Change Volume P/E Market Cap
498.28 498.77 498.53 -1.35 204K 36 151B

SPGI Dividend-Like Income Using Covered Calls

With SPGI at 498.53, 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% 14.96 4.1
5% 24.93 6.8
10% 49.85 13.7

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 SPGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 12 497.50 5.90 9 51.4 0.00 (0.0%)
Dec 19 497.50 8.90 16 47.7 0.00 (0.0%)
5% Yield On SPGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 12 497.50 5.90 9 51.4 0.00 (0.0%)
Dec 19 497.50 8.90 16 47.7 0.00 (0.0%)
10% Yield On SPGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 12 497.50 5.90 9 51.4 0.00 (0.0%)
Dec 19 497.50 8.90 16 47.7 0.00 (0.0%)

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

 
 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.IOT dividend
2.SPY dividend 7.GLD dividend   2.RZLT dividend
3.QQQ dividend 8.TLT dividend   3.HPE dividend
4.IWM dividend 9.SLV dividend   4.SOC dividend
5.IBIT dividend 10.FXI dividend   5.MRVL dividend

Want more examples? SPG Dividend | SPGM Dividend