GOOGL Dividend

Although GOOGL has a dividend of 0.21 with an ex-dividend date of Dec 8, 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 Mon 4:16 PM ET):

Alphabet Inc. - Class A (GOOGL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
284.00	284.16	283.72	+2.53	28.5M	-	3,393B

GOOGL Dividend-Like Income Using Covered Calls

With GOOGL at 283.72, 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%	8.51	2.3
5%	14.19	3.9
10%	28.37	7.8

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
Dec 5	285.00	10.45	33	31.7	0.84 (0.3%)
Nov 7	285.00	3.40	5	68.0	0.84 (0.3%)

5% Yield On GOOGL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	285.00	10.45	33	31.7	0.84 (0.3%)
Nov 7	285.00	3.40	5	68.0	0.84 (0.3%)

10% Yield On GOOGL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	285.00	10.45	33	31.7	0.84 (0.3%)
Nov 7	285.00	3.40	5	68.0	0.84 (0.3%)

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Want more examples? GOOG Dividend | GOOS Dividend