AMX Dividend Type Payments

America Movil, S.A.B. de C.V. American Depositary Shares (each represent dividend

Although AMX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on America Movil, S.A.B. de C.V. American Depositary Shares (each represent 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):

America Movil, S.A.B. de C.V. American Depositary Shares (each represent (AMX)
Bid Ask Last Change Volume P/E Market Cap
13.66 14.49 14.25 +0.04 4.2M - 56B

AMX Dividend-Like Income Using Covered Calls

With AMX at 14.25, 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% 0.43 0.1
5% 0.71 0.2
10% 1.43 0.4

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 AMX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 15.00 0.45 148 0.3 0.51 (3.6%)
Jan 17 15.00 0.10 29 0.3 0.51 (3.6%)
5% Yield On AMX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 15.00 0.45 148 0.3 0.51 (3.6%)
Jan 17 15.00 0.10 29 0.3 0.51 (3.6%)

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