AMP Dividend Type Payments

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

Ameriprise Financial, Inc. (AMP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
566.20	600.00	575.13	+3.29	797K	22	56B

AMP Dividend-Like Income Using Covered Calls

With AMP at 575.13, 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%	17.25	4.7
5%	28.76	7.9
10%	57.51	15.8

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 AMP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	600.00	32.70	234	14.0	0.00 (0.0%)
Dec 19	600.00	43.00	325	13.2	0.00 (0.0%)

5% Yield On AMP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	600.00	32.70	234	14.0	0.00 (0.0%)
Dec 19	600.00	43.00	325	13.2	0.00 (0.0%)

10% Yield On AMP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	600.00	23.20	143	16.2	0.00 (0.0%)
Feb 21	600.00	5.10	24	21.3	0.00 (0.0%)

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5.	FXI dividend	10.	AMZN dividend	5.	CLSK dividend

Want more examples? AMOM Dividend | AMPH Dividend