Z Dividend Type Payments

Although Z has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Zillow Group, Inc. - Class C Capital Stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:45 PM ET):

Zillow Group, Inc. - Class C Capital Stock (Z)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
86.71	86.79	86.74	-1.04	767K	-	21B

Z Dividend-Like Income Using Covered Calls

With Z at 86.74, 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%	2.60	0.7
5%	4.34	1.2
10%	8.67	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 Z Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	87.00	2.79	19	14.7	0.21 (0.2%)
Oct 10	100.00	0.28	26	1.1	13.21 (15.2%)

5% Yield On Z Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	87.00	2.79	19	14.7	0.21 (0.2%)
Oct 10	87.00	3.30	26	12.7	0.21 (0.2%)

10% Yield On Z Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	87.00	2.79	19	14.7	0.21 (0.2%)
Oct 10	87.00	3.30	26	12.7	0.21 (0.2%)

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Want more examples? YYY Dividend | ZBH Dividend