PCG Dividend Type Payments
Although PCG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Pacific Gas & Electric Co. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
Pacific Gas & Electric Co. (PCG) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
16.71 | 16.75 | 16.76 | +0.02 | 15.9M | 16 | 44B |
PCG Dividend-Like Income Using Covered Calls
With PCG at 16.76, 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% | 0.50 | 0.1 |
5% | 0.84 | 0.2 |
10% | 1.68 | 0.5 |
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 PCG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 5 | 17.00 | 0.06 | 9 | 0.7 | 0.25 (1.5%) | |
Apr 12 | 17.00 | 0.13 | 16 | 0.8 | 0.25 (1.5%) |
5% Yield On PCG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 5 | 17.00 | 0.06 | 9 | 0.7 | 0.25 (1.5%) | |
Apr 12 | 17.00 | 0.13 | 16 | 0.8 | 0.25 (1.5%) |
10% Yield On PCG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 5 | 17.00 | 0.06 | 9 | 0.7 | 0.25 (1.5%) | |
Apr 12 | 17.00 | 0.13 | 16 | 0.8 | 0.25 (1.5%) |
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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. | SOUN dividend | |
4. | FXI dividend | 9. | EEM dividend | 4. | CLSK dividend | |
5. | SLV dividend | 10. | TSLA dividend | 5. | CIFR dividend |
Want more examples? PCEF Dividend | PCH Dividend