ALL Dividend Type Payments

Allstate Corp dividend

Although ALL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Allstate Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:40 AM ET):

Allstate Corp (ALL)
Bid Ask Last Change Volume P/E Market Cap
79.57 79.63 79.60 -0.99 601K - 0.0B

ALL Dividend-Like Income Using Covered Calls

With ALL at 79.60, here's a table showing how big the annual "dividend" (ie. 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% 2.39 0.7
5% 3.98 1.1
10% 7.96 2.2

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:

3% Yield On ALL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 82.50 0.26 8 3.3 2.87 (3.6%)
Jan 18 87.50 0.31 36 0.9 7.87 (9.9%)
5% Yield On ALL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 82.50 0.26 8 3.3 2.87 (3.6%)
Jan 18 85.00 0.65 36 1.8 5.37 (6.7%)
10% Yield On ALL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 82.50 0.26 8 3.3 2.87 (3.6%)
Jan 18 82.50 1.36 36 3.8 2.87 (3.6%)

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

 
Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.EWZ dividend   1. dividend
2.EEM dividend 7.FXI dividend   2. dividend
3.SPX dividend 8.GE dividend   3. dividend
4.QQQ dividend 9.BAC dividend   4. dividend
5.IWM dividend 10.VXX dividend   5. dividend

Want more examples? ALKS Dividend | ALLE Dividend