STX Dividend

Although STX has a dividend of 0.72 with an ex-dividend date of Jun 25, you can sell covered calls on Seagate Technology Holdings PLC - Ordinary Shares (Ireland) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:40 AM ET):

Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
88.59	88.73	88.59	+6.99	1.6M	15	17B

STX Dividend-Like Income Using Covered Calls

With STX at 88.59, 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%	2.66	0.7
5%	4.43	1.2
10%	8.86	2.4

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 STX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	89.00	1.40	3	46.7	0.27 (0.3%)
Jun 6	89.00	4.10	38	10.8	0.27 (0.3%)

5% Yield On STX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	89.00	1.40	3	46.7	0.27 (0.3%)
Jun 6	89.00	4.10	38	10.8	0.27 (0.3%)

10% Yield On STX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	89.00	1.40	3	46.7	0.27 (0.3%)
Jun 6	89.00	4.10	38	10.8	0.27 (0.3%)

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Want more examples? STWD Dividend | STXS Dividend