DTE Dividend Type Payments

DTE Energy Company dividend

Although DTE has no upcoming (meaning, Board-approved and announced) dividends, 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 Fri 4:16 PM ET):

DTE Energy Company (DTE)
Bid Ask Last Change Volume P/E Market Cap
126.07 139.00 136.36 +0.52 709K 20 28B

DTE Dividend-Like Income Using Covered Calls

With DTE at 136.36, 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% 4.09 1.1
5% 6.82 1.9
10% 13.64 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
May 16 140.00 0.60 15 4.0 1.00 (0.7%)
Oct 17 140.00 5.10 169 3.0 1.00 (0.7%)
5% Yield On DTE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 140.00 0.60 15 4.0 1.00 (0.7%)
Oct 17 140.00 5.10 169 3.0 1.00 (0.7%)
10% Yield On DTE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 140.00 0.60 15 4.0 1.00 (0.7%)
Jul 18 140.00 3.10 78 4.0 1.00 (0.7%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.APP dividend
2.SPY dividend 7.FXI dividend   2.CVI dividend
3.TLT dividend 8.GLD dividend   3.PTON dividend
4.SLV dividend 9.TSLA dividend   4.PINS dividend
5.QQQ dividend 10.INTC dividend   5.UPST dividend

Want more examples? DTD Dividend | DTEC Dividend