AMG Dividend Type Payments
Although AMG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Affiliated Managers Group, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:20 AM ET):
| Affiliated Managers Group, Inc. (AMG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 217.24 | 218.66 | 218.03 | +1.18 | 10K | 16 | 6.2B |
AMG Dividend-Like Income Using Covered Calls
With AMG at 218.03, 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% | 6.54 | 1.8 |
| 5% | 10.90 | 3.0 |
| 10% | 21.80 | 6.0 |
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 AMG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 220.00 | 6.10 | 58 | 10.5 | 1.34 (0.6%) | |
| Sep 19 | 220.00 | 3.60 | 30 | 12.0 | 1.34 (0.6%) | |
| 5% Yield On AMG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 220.00 | 6.10 | 58 | 10.5 | 1.34 (0.6%) | |
| Sep 19 | 220.00 | 3.60 | 30 | 12.0 | 1.34 (0.6%) | |
| 10% Yield On AMG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 220.00 | 6.10 | 58 | 10.5 | 1.34 (0.6%) | |
| Sep 19 | 220.00 | 3.60 | 30 | 12.0 | 1.34 (0.6%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | IREN dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | ATYR dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | BHVN dividend | |
| 4. | SPY dividend | 9. | IBIT dividend | 4. | DNTH dividend | |
| 5. | EEM dividend | 10. | INTC dividend | 5. | BBAI dividend | |
Want more examples? AMED Dividend | AMGN Dividend
