CMCSA Dividend
Although CMCSA has a dividend of 0.33 with an ex-dividend date of Jul 2, you can sell covered calls on Comcast Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
Comcast Corporation - Class A (CMCSA) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
34.84 | 35.08 | 35.11 | +0.10 | 17.6M | 8.6 | 131B |
CMCSA Dividend-Like Income Using Covered Calls
With CMCSA at 35.11, 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% | 1.05 | 0.3 |
5% | 1.76 | 0.5 |
10% | 3.51 | 1.0 |
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 CMCSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 3 | 35.00 | 0.43 | 18 | 1.9 | 0.00 (0.0%) | |
Jul 11 | 35.00 | 0.69 | 26 | 2.3 | 0.00 (0.0%) |
5% Yield On CMCSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 3 | 35.00 | 0.43 | 18 | 1.9 | 0.00 (0.0%) | |
Jul 11 | 35.00 | 0.69 | 26 | 2.3 | 0.00 (0.0%) |
10% Yield On CMCSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 3 | 35.00 | 0.43 | 18 | 1.9 | 0.00 (0.0%) | |
Jul 11 | 35.00 | 0.69 | 26 | 2.3 | 0.00 (0.0%) |
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Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | ALT dividend | |
2. | SPY dividend | 7. | IWM dividend | 2. | RUN dividend | |
3. | QQQ dividend | 8. | TLT dividend | 3. | BBAI dividend | |
4. | TSLA dividend | 9. | AAPL dividend | 4. | CAPR dividend | |
5. | GLD dividend | 10. | INTC dividend | 5. | COGT dividend |
Want more examples? CMCO Dividend | CMDT Dividend