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 Thu 12:30 PM ET):
Alphabet Inc. - Class C Capital Stock (GOOG) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
151.97 | 151.98 | 151.98 | +0.04 | 5.9M | 26 | 1,902B |
GOOG Dividend-Like Income Using Covered Calls
With GOOG at 151.98, 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% | 4.56 | 1.2 |
5% | 7.60 | 2.1 |
10% | 15.20 | 4.2 |
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 | |
Apr 5 | 152.50 | 1.53 | 9 | 17.0 | 0.52 (0.3%) | |
Apr 12 | 152.50 | 2.72 | 16 | 17.0 | 0.52 (0.3%) |
5% Yield On GOOG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 5 | 152.50 | 1.53 | 9 | 17.0 | 0.52 (0.3%) | |
Apr 12 | 152.50 | 2.72 | 16 | 17.0 | 0.52 (0.3%) |
10% Yield On GOOG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 5 | 152.50 | 1.53 | 9 | 17.0 | 0.52 (0.3%) | |
Apr 12 | 152.50 | 2.72 | 16 | 17.0 | 0.52 (0.3%) |
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Top 10 Open Interest For Apr 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | TLT dividend | 1. | MRNS dividend | |
2. | SPY dividend | 7. | HYG dividend | 2. | LUNR dividend | |
3. | QQQ dividend | 8. | AAPL dividend | 3. | RILY dividend | |
4. | FXI dividend | 9. | EEM dividend | 4. | SOUN dividend | |
5. | SLV dividend | 10. | TSLA dividend | 5. | CIFR dividend |
Want more examples? GOOD Dividend | GOOGL Dividend