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 Tue 4:16 PM ET):

AstraZeneca PLC - American Depositary Shares (AZN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
91.63	93.01	92.14	+0.59	3.2M	15	45B

AZN Dividend-Like Income Using Covered Calls

With AZN at 92.14, 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%	2.76	0.8
5%	4.61	1.3
10%	9.21	2.5

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
Jan 16	95.00	0.90	25	3.6	1.99 (2.2%)
Apr 17	100.00	1.86	116	1.6	6.99 (7.6%)

5% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	95.00	0.90	25	3.6	1.99 (2.2%)
Apr 17	100.00	1.86	116	1.6	6.99 (7.6%)

10% Yield On AZN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	95.00	0.90	25	3.6	1.99 (2.2%)
Apr 17	95.00	3.70	116	3.2	1.99 (2.2%)

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