GOOGL Dividend Type Payments
Although GOOGL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alphabet Inc. - Class A 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):
| Alphabet Inc. - Class A (GOOGL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 330.21 | 330.24 | 333.04 | -6.67 | 56.2M | - | 4,099B |
GOOGL Dividend-Like Income Using Covered Calls
With GOOGL at 333.04, 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% | 9.99 | 2.7 |
| 5% | 16.65 | 4.6 |
| 10% | 33.30 | 9.1 |
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 GOOGL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 330.00 | 12.35 | 3 | 403.7 | 0.00 (0.0%) | |
| Mar 6 | 330.00 | 18.30 | 31 | 58.3 | 0.00 (0.0%) | |
| 5% Yield On GOOGL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 330.00 | 12.35 | 3 | 403.7 | 0.00 (0.0%) | |
| Mar 6 | 330.00 | 18.30 | 31 | 58.3 | 0.00 (0.0%) | |
| 10% Yield On GOOGL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 330.00 | 12.35 | 3 | 403.7 | 0.00 (0.0%) | |
| Mar 6 | 330.00 | 18.30 | 31 | 58.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | EWZ dividend | 1. | SNAP dividend | |
| 2. | KWEB dividend | 7. | QQQ dividend | 2. | BE dividend | |
| 3. | NVDA dividend | 8. | SPY dividend | 3. | IREN dividend | |
| 4. | GLD dividend | 9. | INTC dividend | 4. | RBLX dividend | |
| 5. | IBIT dividend | 10. | CORZ dividend | 5. | CRML dividend | |
Want more examples? GOOG Dividend | GOOS Dividend
