GOOGL Dividend

Although GOOGL has a dividend of 0.21 with an ex-dividend date of Jun 9, 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 Tue 4:16 PM ET):

Alphabet Inc. - Class A (GOOGL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
159.98	160.00	160.16	-0.45	26.1M	-	1,949B

GOOGL Dividend-Like Income Using Covered Calls

With GOOGL at 160.16, 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%	4.80	1.3
5%	8.01	2.2
10%	16.02	4.4

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
May 2	160.00	2.41	4	60.3	0.00 (0.0%)
Jun 6	160.00	6.55	39	16.8	0.00 (0.0%)

5% Yield On GOOGL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	160.00	2.41	4	60.3	0.00 (0.0%)
Jun 6	160.00	6.55	39	16.8	0.00 (0.0%)

10% Yield On GOOGL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	160.00	2.41	4	60.3	0.00 (0.0%)
Jun 6	160.00	6.55	39	16.8	0.00 (0.0%)

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Want more examples? GOOG Dividend | GOOS Dividend