AMD Dividend Type Payments

Although AMD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Advanced Micro Devices, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:05 AM ET):

Advanced Micro Devices, Inc. (AMD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
121.34	121.36	121.34	+2.90	10.6M	106	192B

AMD Dividend-Like Income Using Covered Calls

With AMD at 121.34, 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%	3.64	1.0
5%	6.07	1.7
10%	12.13	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 AMD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	121.00	6.40	22	27.5	0.00 (0.0%)
Feb 14	121.00	6.95	29	22.7	0.00 (0.0%)

5% Yield On AMD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	121.00	6.40	22	27.5	0.00 (0.0%)
Feb 14	121.00	6.95	29	22.7	0.00 (0.0%)

10% Yield On AMD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	121.00	6.40	22	27.5	0.00 (0.0%)
Feb 14	121.00	6.95	29	22.7	0.00 (0.0%)

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Top 10 Open Interest For Feb 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	FXI dividend	1.	CRMD dividend
2.	TLT dividend	7.	TSLA dividend	2.	FTAI dividend
3.	IWM dividend	8.	AMZN dividend	3.	ACHR dividend
4.	SPY dividend	9.	ASHR dividend	4.	RUM dividend
5.	SLV dividend	10.	AAPL dividend	5.	RCAT dividend

Want more examples? AMCX Dividend | AME Dividend