GOOG Dividend Type Payments
Although GOOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alphabet Inc. - Class C Capital Stock 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):
| Alphabet Inc. - Class C Capital Stock (GOOG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 308.31 | 308.55 | 308.61 | +4.86 | 32.9M | 32 | 3,665B |
GOOG Dividend-Like Income Using Covered Calls
With GOOG at 308.61, 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% | 9.26 | 2.5 |
| 5% | 15.43 | 4.2 |
| 10% | 30.86 | 8.5 |
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 GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 26 | 307.50 | 4.35 | 8 | 41.3 | 0.00 (0.0%) | |
| Jan 2 | 307.50 | 5.45 | 15 | 29.3 | 0.00 (0.0%) | |
| 5% Yield On GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 26 | 307.50 | 4.35 | 8 | 41.3 | 0.00 (0.0%) | |
| Jan 2 | 307.50 | 5.45 | 15 | 29.3 | 0.00 (0.0%) | |
| 10% Yield On GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 26 | 307.50 | 4.35 | 8 | 41.3 | 0.00 (0.0%) | |
| Jan 2 | 307.50 | 5.45 | 15 | 29.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | OMER dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | RARE dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | SOC dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | DAWN dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | EOSE dividend | |
Want more examples? GOOD Dividend | GOOGL Dividend
