AEG Dividend
Although AEG has a dividend of 0.20 with an ex-dividend date of Jun 17, you can sell covered calls on Aegon Ltd. New York Registry Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Aegon Ltd. New York Registry Shares (AEG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 5.61 | 6.75 | 6.57 | +0.13 | 11.1M | 17 | 14B |
AEG Dividend-Like Income Using Covered Calls
With AEG at 6.57, 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% | 0.20 | 0.1 |
| 5% | 0.33 | 0.1 |
| 10% | 0.66 | 0.2 |
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:
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | CVI dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | PTON dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | PINS dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | UPST dividend | |
Want more examples? AEE Dividend | AEIS Dividend
