GOOG Dividend Type Payments

ALPHABET INC CL C dividend

Although GOOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ALPHABET INC CL C to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:10 PM ET):

ALPHABET INC CL C (GOOG)
Bid Ask Last Change Volume P/E Market Cap
1,186.21 1,186.92 1,186.56 -2.26 457K 50 831B

GOOG Dividend-Like Income Using Covered Calls

With GOOG at 1,186.56, here's a table showing how big the annual "dividend" (ie. 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% 0.03 0.0
5% 0.05 0.0
10% 0.10 0.0

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 GOOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 20 1232.50 0.50 5 10.0 45.58 (3.8%)
Jul 27 1305.00 1.20 12 10.0 118.08 (10.0%)
5% Yield On GOOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 20 1225.00 0.90 5 18.0 38.08 (3.2%)
Jul 27 1287.50 2.10 12 17.5 100.58 (8.5%)
10% Yield On GOOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 20 1215.00 1.90 5 38.0 28.08 (2.4%)
Jul 27 1267.50 4.00 12 33.3 80.58 (6.8%)

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Top 10 Open Interest For Jul 20 Expiration     Top 5 High Yield
1.SPY dividend 6.SPX dividend   1.SKX dividend
2.EEM dividend 7.MU dividend   2.NFLX dividend
3.XLF dividend 8.T dividend   3.HUYA dividend
4.BAC dividend 9.QQQ dividend   4.LLNW dividend
5.EWZ dividend 10.FXI dividend   5.CLF dividend

Want more examples? GOOD Dividend | GOOGL Dividend