AMX Dividend Type Payments

AMERICA MOVIL dividend

Although AMX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AMERICA MOVIL 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):

AMERICA MOVIL (AMX)
Bid Ask Last Change Volume P/E Market Cap
11.74 15.95 14.80 +0.15 5.3M - 51B

AMX Dividend-Like Income Using Covered Calls

With AMX at 14.80, 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% 0.44 0.1
5% 0.74 0.2
10% 1.48 0.4

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 AMX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 16.00 0.05 29 0.2 0.05 (0.3%)
Feb 15 17.00 0.15 120 0.1 1.05 (7.1%)
5% Yield On AMX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 16.00 0.40 120 0.3 0.05 (0.3%)
May 17 16.00 0.70 211 0.3 0.05 (0.3%)

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