ALC Dividend Type Payments

Although ALC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alcon Inc. Ordinary Shares 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):

Alcon Inc. Ordinary Shares (ALC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
86.09	95.00	90.56	-0.81	840K	45	45B

ALC Dividend-Like Income Using Covered Calls

With ALC at 90.56, 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%	2.72	0.7
5%	4.53	1.2
10%	9.06	2.5

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 ALC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	2.25	148	1.5	5.00 (5.5%)
May 16	100.00	0.75	57	1.3	5.00 (5.5%)

5% Yield On ALC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	2.25	148	1.5	5.00 (5.5%)
May 16	100.00	0.75	57	1.3	5.00 (5.5%)

10% Yield On ALC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	95.00	3.90	148	2.6	0.00 (0.0%)
May 16	95.00	1.95	57	3.4	0.00 (0.0%)

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

Top 10 Open Interest For Apr 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	NIO dividend	1.	EWTX dividend
2.	SLV dividend	7.	QQQ dividend	2.	ZIM dividend
3.	SPY dividend	8.	TLT dividend	3.	ALDX dividend
4.	ASHR dividend	9.	TSLA dividend	4.	SLNO dividend
5.	EEM dividend	10.	IWM dividend	5.	APLD dividend

Want more examples? ALB Dividend | ALDX Dividend