DELL Dividend

Although DELL has a dividend of 0.45 with an ex-dividend date of Jan 22, you can sell covered calls on Dell Technologies Inc. Class C to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:05 AM ET):

Dell Technologies Inc. Class C (DELL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
111.01	111.07	111.04	+1.81	1.9M	20	77B

DELL Dividend-Like Income Using Covered Calls

With DELL at 111.04, 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%	3.33	0.9
5%	5.55	1.5
10%	11.10	3.0

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 DELL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	111.00	3.95	23	16.9	0.00 (0.0%)
Feb 14	111.00	4.60	30	15.1	0.00 (0.0%)

5% Yield On DELL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	111.00	3.95	23	16.9	0.00 (0.0%)
Feb 14	111.00	4.60	30	15.1	0.00 (0.0%)

10% Yield On DELL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	111.00	3.95	23	16.9	0.00 (0.0%)
Feb 14	111.00	4.60	30	15.1	0.00 (0.0%)

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Want more examples? DEI Dividend | DEM Dividend