EOG Dividend

Although EOG has a dividend of 0.98 with an ex-dividend date of Jan 17, you can sell covered calls on EOG Resources, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:45 AM ET):

EOG Resources, Inc. (EOG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
120.24	120.26	120.23	+0.38	631K	10	67B

EOG Dividend-Like Income Using Covered Calls

With EOG at 120.23, 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%	3.61	1.0
5%	6.01	1.6
10%	12.02	3.3

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 EOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	120.00	0.85	4	14.8	0.00 (0.0%)
Jan 3	120.00	1.70	11	13.1	0.00 (0.0%)

5% Yield On EOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	120.00	0.85	4	14.8	0.00 (0.0%)
Jan 3	120.00	1.70	11	13.1	0.00 (0.0%)

10% Yield On EOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	120.00	0.85	4	14.8	0.00 (0.0%)
Jan 3	120.00	1.70	11	13.1	0.00 (0.0%)

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Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
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