AAPL Dividend Type Payments

Apple Inc. dividend

Although AAPL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Apple Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Apple Inc. (AAPL)
Bid Ask Last Change Volume P/E Market Cap
237.37 237.40 237.33 +2.40 24.1M 39 3,551B

AAPL Dividend-Like Income Using Covered Calls

With AAPL at 237.33, 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% 7.12 2.0
5% 11.87 3.3
10% 23.73 6.5

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 AAPL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 6 237.50 2.16 8 27.0 0.10 (0.0%)
Dec 13 237.50 3.20 15 21.3 0.10 (0.0%)
5% Yield On AAPL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 6 237.50 2.16 8 27.0 0.10 (0.0%)
Dec 13 237.50 3.20 15 21.3 0.10 (0.0%)
10% Yield On AAPL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 6 237.50 2.16 8 27.0 0.10 (0.0%)
Dec 13 237.50 3.20 15 21.3 0.10 (0.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Dec 20 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.ACHR dividend
2.SPY dividend 7.QQQ dividend   2.CRVS dividend
3.XLF dividend 8.TLT dividend   3.IONQ dividend
4.EEM dividend 9.KWEB dividend   4.PATH dividend
5.FXI dividend 10.AAPL dividend   5.IOT dividend

Want more examples? AAP Dividend | AAT Dividend