DTE Dividend
Although DTE has a dividend of 1.09 with an ex-dividend date of Sep 15, you can sell covered calls on DTE Energy Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| DTE Energy Company (DTE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 134.03 | 142.43 | 135.11 | +0.37 | 634K | 19 | 28B |
DTE Dividend-Like Income Using Covered Calls
With DTE at 135.11, 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% | 4.05 | 1.1 |
| 5% | 6.76 | 1.9 |
| 10% | 13.51 | 3.7 |
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 DTE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 145.00 | 3.10 | 221 | 1.4 | 2.57 (1.9%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IBIT dividend | 1. | PCG dividend | |
| 2. | PCG dividend | 7. | QQQ dividend | 2. | ATYR dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | ADBE dividend | |
| 4. | SPY dividend | 9. | FXI dividend | 4. | CHWY dividend | |
| 5. | EEM dividend | 10. | TSLA dividend | 5. | BE dividend | |
Want more examples? DTD Dividend | DTEC Dividend
