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 Wed 4:16 PM ET):

DTE Energy Company (DTE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
130.05	134.47	130.87	-2.35	1.1M	18	28B

DTE Dividend-Like Income Using Covered Calls

With DTE at 130.87, 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%	3.93	1.1
5%	6.54	1.8
10%	13.09	3.6

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
Aug 15	135.00	2.15	52	4.1	0.53 (0.4%)
Oct 17	135.00	1.85	115	1.6	0.53 (0.4%)

5% Yield On DTE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	135.00	2.15	52	4.1	0.53 (0.4%)
Dec 19	135.00	4.70	178	2.6	0.53 (0.4%)

10% Yield On DTE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	135.00	2.15	52	4.1	0.53 (0.4%)

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Want more examples? DTD Dividend | DTEC Dividend