PG Dividend Type Payments
Although PG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Procter & Gamble 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 3:15 PM ET):
| Procter & Gamble Company (The) (PG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 145.51 | 145.52 | 145.51 | +0.38 | 6.3M | 21 | 339B |
PG Dividend-Like Income Using Covered Calls
With PG at 145.51, 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% | 4.37 | 1.2 |
| 5% | 7.28 | 2.0 |
| 10% | 14.55 | 4.0 |
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 PG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 145.00 | 1.36 | 4 | 21.0 | 0.00 (0.0%) | |
| Dec 26 | 145.00 | 1.89 | 11 | 12.5 | 0.00 (0.0%) | |
| 5% Yield On PG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 145.00 | 1.36 | 4 | 21.0 | 0.00 (0.0%) | |
| Dec 26 | 145.00 | 1.89 | 11 | 12.5 | 0.00 (0.0%) | |
| 10% Yield On PG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 145.00 | 1.36 | 4 | 21.0 | 0.00 (0.0%) | |
| Dec 26 | 145.00 | 1.89 | 11 | 12.5 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | NNE dividend | |
| 2. | SPY dividend | 7. | SLV dividend | 2. | EOSE dividend | |
| 3. | IBIT dividend | 8. | NFLX dividend | 3. | SGML dividend | |
| 4. | QQQ dividend | 9. | XLF dividend | 4. | FLNC dividend | |
| 5. | TLT dividend | 10. | AMZN dividend | 5. | KMX dividend | |
Want more examples? PFXF Dividend | PGC Dividend
