C Dividend Type Payments

Citigroup, Inc. dividend

Although C has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Citigroup, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:35 AM ET):

Citigroup, Inc. (C)
Bid Ask Last Change Volume P/E Market Cap
71.21 71.25 71.22 +0.10 253K 20 135B

C Dividend-Like Income Using Covered Calls

With C at 71.22, 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% 2.14 0.6
5% 3.56 1.0
10% 7.12 2.0

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 C Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 71.00 0.76 3 17.0 0.00 (0.0%)
Dec 27 71.00 1.12 10 8.7 0.00 (0.0%)
5% Yield On C Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 71.00 0.76 3 17.0 0.00 (0.0%)
Dec 27 71.00 1.12 10 8.7 0.00 (0.0%)
10% Yield On C Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 71.00 0.76 3 17.0 0.00 (0.0%)
Dec 27 71.00 1.12 10 8.7 0.00 (0.0%)

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Top 10 Open Interest For Dec 20 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.RGTI dividend
2.SPY dividend 7.IWM dividend   2.QBTS dividend
3.XLF dividend 8.KWEB dividend   3.WVE dividend
4.QQQ dividend 9.TLT dividend   4.CIFR dividend
5.FXI dividend 10.TSLA dividend   5.RCAT dividend

Want more examples? BZUN Dividend | CAAP Dividend