EXC Dividend Type Payments

Exelon Corporation dividend

Although EXC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Exelon Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Exelon Corporation (EXC)
Bid Ask Last Change Volume P/E Market Cap
37.41 37.92 37.43 -0.02 3.4M 15 38B

EXC Dividend-Like Income Using Covered Calls

With EXC at 37.43, 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% 1.12 0.3
5% 1.87 0.5
10% 3.74 1.0

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 EXC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 38.00 0.30 22 1.4 0.08 (0.2%)
Apr 17 38.00 1.25 112 1.1 0.08 (0.2%)
5% Yield On EXC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 38.00 0.30 22 1.4 0.08 (0.2%)
Apr 17 38.00 1.25 112 1.1 0.08 (0.2%)
10% Yield On EXC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 38.00 0.30 22 1.4 0.08 (0.2%)
Apr 17 38.00 1.25 112 1.1 0.08 (0.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jan 17 Expiration     Top 5 High Yield
1.NVDA dividend 6.XLF dividend   1.NMRA dividend
2.SLV dividend 7.SPY dividend   2.QBTS dividend
3.AAPL dividend 8.IWM dividend   3.QUBT dividend
4.EEM dividend 9.TSLA dividend   4.QS dividend
5.INTC dividend 10.TLT dividend   5.JSPR dividend

Want more examples? EXAS Dividend | EXE Dividend