GOOG Dividend

Although GOOG has a dividend of 0.20 with an ex-dividend date of Dec 9, you can sell covered calls on Alphabet Inc. - Class C Capital Stock 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):

Alphabet Inc. - Class C Capital Stock (GOOG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
173.79	173.86	173.89	-3.46	17.6M	24	2,171B

GOOG Dividend-Like Income Using Covered Calls

With GOOG at 173.89, 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%	5.22	1.4
5%	8.69	2.4
10%	17.39	4.8

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 GOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	175.00	3.40	22	15.5	1.14 (0.7%)
Dec 13	175.00	4.00	29	13.8	1.14 (0.7%)

5% Yield On GOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	175.00	3.40	22	15.5	1.14 (0.7%)
Dec 13	175.00	4.00	29	13.8	1.14 (0.7%)

10% Yield On GOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	175.00	3.40	22	15.5	1.14 (0.7%)
Dec 13	175.00	4.00	29	13.8	1.14 (0.7%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	SAVA dividend
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4.	FXI dividend	9.	TLT dividend	4.	NMRA dividend
5.	IWM dividend	10.	KRE dividend	5.	CRVS dividend

Want more examples? GOOD Dividend | GOOGL Dividend