PCG Dividend Type Payments

Pacific Gas & Electric Co. dividend

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 Fri 12:40 PM ET):

Pacific Gas & Electric Co. (PCG)
Bid Ask Last Change Volume P/E Market Cap
15.18 15.19 15.18 -0.13 11.7M 14 41B

PCG Dividend-Like Income Using Covered Calls

With PCG at 15.18, 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% 0.46 0.1
5% 0.76 0.2
10% 1.52 0.4

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 PCG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 15.50 0.45 22 2.0 0.31 (2.0%)
Sep 12 15.50 0.56 29 1.9 0.31 (2.0%)
5% Yield On PCG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 15.50 0.45 22 2.0 0.31 (2.0%)
Sep 12 15.50 0.56 29 1.9 0.31 (2.0%)
10% Yield On PCG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 5 15.50 0.45 22 2.0 0.31 (2.0%)
Sep 12 15.50 0.56 29 1.9 0.31 (2.0%)

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