AON Dividend Type Payments
Although AON has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Aon plc Class A Ordinary Shares (Ireland) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:00 PM ET):
| Aon plc Class A Ordinary Shares (Ireland) (AON) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 390.79 | 390.97 | 390.97 | -7.82 | 1.4M | 32 | 86B |
AON Dividend-Like Income Using Covered Calls
With AON at 390.97, 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% | 11.73 | 3.2 |
| 5% | 19.55 | 5.4 |
| 10% | 39.10 | 10.7 |
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 AON Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 390.00 | 13.80 | 61 | 21.0 | 0.00 (0.0%) | |
| Apr 17 | 390.00 | 8.30 | 32 | 22.9 | 0.00 (0.0%) | |
| 5% Yield On AON Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 390.00 | 13.80 | 61 | 21.0 | 0.00 (0.0%) | |
| Apr 17 | 390.00 | 8.30 | 32 | 22.9 | 0.00 (0.0%) | |
| 10% Yield On AON Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 390.00 | 13.80 | 61 | 21.0 | 0.00 (0.0%) | |
| Apr 17 | 390.00 | 8.30 | 32 | 22.9 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | OLLI dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | ZIM dividend | |
| 3. | IWM dividend | 8. | KWEB dividend | 3. | WSM dividend | |
| 4. | FXI dividend | 9. | INTC dividend | 4. | ASO dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | RGTI dividend | |
Want more examples? AOM Dividend | AOR Dividend
