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 Wed 4:16 PM ET):
| AstraZeneca PLC - American Depositary Shares (AZN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 77.07 | 78.11 | 77.69 | +0.13 | 4.4M | 15 | 38B |
AZN Dividend-Like Income Using Covered Calls
With AZN at 77.69, 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% | 2.33 | 0.6 |
| 5% | 3.88 | 1.1 |
| 10% | 7.77 | 2.1 |
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 | |
| Oct 3 | 78.00 | 0.97 | 17 | 5.1 | 0.00 (0.0%) | |
| Oct 10 | 78.00 | 1.63 | 24 | 6.3 | 0.00 (0.0%) | |
| 5% Yield On AZN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 3 | 78.00 | 0.97 | 17 | 5.1 | 0.00 (0.0%) | |
| Oct 10 | 78.00 | 1.63 | 24 | 6.3 | 0.00 (0.0%) | |
| 10% Yield On AZN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 3 | 78.00 | 0.97 | 17 | 5.1 | 0.00 (0.0%) | |
| Oct 10 | 78.00 | 1.63 | 24 | 6.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | CBRL dividend | |
| 2. | SPY dividend | 7. | IBIT dividend | 2. | AEVA dividend | |
| 3. | PCG dividend | 8. | IWM dividend | 3. | OPEN dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | QURE dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | LDI dividend | |
Want more examples? AYI Dividend | AZO Dividend
