AFG Dividend Type Payments

American Financial Group, Inc. dividend

Although AFG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on American Financial Group, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:50 AM ET):

American Financial Group, Inc. (AFG)
Bid Ask Last Change Volume P/E Market Cap
121.65 121.88 121.70 +1.50 255K 11 10B

AFG Dividend-Like Income Using Covered Calls

With AFG at 121.70, 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% 3.65 1.0
5% 6.09 1.7
10% 12.17 3.3

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 AFG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 125.00 4.50 207 2.2 3.12 (2.6%)
Jun 20 126.00 2.70 116 2.3 4.12 (3.4%)
5% Yield On AFG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 125.00 4.50 207 2.2 3.12 (2.6%)
Jun 20 126.00 2.70 116 2.3 4.12 (3.4%)

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

 
 
Top 10 Open Interest For Mar 21 Expiration     Top 5 High Yield
1.NVDA dividend 6.KWEB dividend   1.LUNR dividend
2.SPY dividend 7.INTC dividend   2.QBTS dividend
3.FXI dividend 8.QQQ dividend   3.ZI dividend
4.EEM dividend 9.SLV dividend   4.MARA dividend
5.IWM dividend 10.TLT dividend   5.SOUN dividend

Want more examples? AES Dividend | AFK Dividend