VOD Dividend Type Payments

Vodafone Group Plc - American Depositary Shares each representing ten Or dividend

Although VOD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vodafone Group Plc - American Depositary Shares each representing ten Or to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Vodafone Group Plc - American Depositary Shares each representing ten Or (VOD)
Bid Ask Last Change Volume P/E Market Cap
11.78 12.10 11.90 -0.34 8.7M - 40B

VOD Dividend-Like Income Using Covered Calls

With VOD at 11.90, 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% 0.36 0.1
5% 0.60 0.2
10% 1.19 0.3

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 VOD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 14 12.50 0.05 17 0.3 0.40 (3.4%)
Nov 21 12.50 0.10 24 0.4 0.40 (3.4%)
5% Yield On VOD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 14 12.50 0.05 17 0.3 0.40 (3.4%)
Nov 21 12.50 0.10 24 0.4 0.40 (3.4%)
10% Yield On VOD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 12.50 0.10 24 0.4 0.40 (3.4%)

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Want more examples? VOC Dividend | VOE Dividend