UNH Dividend Type Payments
Although UNH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on UnitedHealth Group Incorporated (DE) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:00 AM ET):
| UnitedHealth Group Incorporated (DE) (UNH) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 239.80 | 240.00 | 239.90 | +2.13 | 6.6M | 10 | 216B |
UNH Dividend-Like Income Using Covered Calls
With UNH at 239.90, 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% | 7.20 | 2.0 |
| 5% | 12.00 | 3.3 |
| 10% | 23.99 | 6.6 |
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 UNH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 5 | 240.00 | 11.00 | 33 | 33.3 | 0.00 (0.0%) | |
| Aug 8 | 240.00 | 4.35 | 5 | 87.0 | 0.00 (0.0%) | |
| 5% Yield On UNH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 5 | 240.00 | 11.00 | 33 | 33.3 | 0.00 (0.0%) | |
| Aug 8 | 240.00 | 4.35 | 5 | 87.0 | 0.00 (0.0%) | |
| 10% Yield On UNH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 5 | 240.00 | 11.00 | 33 | 33.3 | 0.00 (0.0%) | |
| Aug 8 | 240.00 | 4.35 | 5 | 87.0 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | MBX dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | GRPN dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | UPST dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | PTON dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | LYFT dividend | |
Want more examples? UNG Dividend | UNIT Dividend
