AZN Dividend Type Payments

Although AZN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AstraZeneca PLC - American Depositary 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):

AstraZeneca PLC - American Depositary Shares (AZN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
63.25	63.47	63.23	-1.81	7.1M	16	32B

AZN Dividend-Like Income Using Covered Calls

With AZN at 63.23, 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%	1.90	0.5
5%	3.16	0.9
10%	6.32	1.7

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 AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	64.00	1.12	22	5.1	0.53 (0.8%)
Dec 13	64.00	1.42	29	4.9	0.53 (0.8%)

5% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	64.00	1.12	22	5.1	0.53 (0.8%)
Dec 13	64.00	1.42	29	4.9	0.53 (0.8%)

10% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	64.00	1.12	22	5.1	0.53 (0.8%)
Dec 13	64.00	1.42	29	4.9	0.53 (0.8%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
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4.	FXI dividend	9.	TLT dividend	4.	NMRA dividend
5.	IWM dividend	10.	KRE dividend	5.	CRVS dividend

Want more examples? AZEK Dividend | AZO Dividend