AMCR Dividend

Although AMCR has a dividend of 0.13 with an ex-dividend date of May 21, you can sell covered calls on Amcor plc Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Amcor plc Ordinary Shares (AMCR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
9.76	9.99	9.80	+0.86	25.8M	20	13B

AMCR Dividend-Like Income Using Covered Calls

With AMCR at 9.80, 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%	0.29	0.1
5%	0.49	0.1
10%	0.98	0.3

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 AMCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 18	10.00	0.20	171	0.1	0.01 (0.1%)
Jul 19	10.00	0.15	80	0.2	0.01 (0.1%)

5% Yield On AMCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 19	10.00	0.15	80	0.2	0.01 (0.1%)

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Want more examples? AMC Dividend | AMCX Dividend