KO Dividend Type Payments

Coca-Cola Company (The) dividend

Although KO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Coca-Cola Company (The) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:35 PM ET):

Coca-Cola Company (The) (KO)
Bid Ask Last Change Volume P/E Market Cap
73.42 73.43 73.42 +0.86 6.0M 24 312B

KO Dividend-Like Income Using Covered Calls

With KO at 73.42, 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% 2.20 0.6
5% 3.67 1.0
10% 7.34 2.0

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 KO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 6 74.00 0.51 11 4.6 0.57 (0.8%)
Mar 6 74.00 1.38 39 3.5 0.57 (0.8%)
5% Yield On KO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 6 74.00 0.51 11 4.6 0.57 (0.8%)
Mar 6 74.00 1.38 39 3.5 0.57 (0.8%)
10% Yield On KO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 6 74.00 0.51 11 4.6 0.57 (0.8%)
Mar 6 74.00 1.38 39 3.5 0.57 (0.8%)

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