GOOG Dividend Type Payments
Although GOOG has no upcoming (meaning, Board-approved and announced) dividends, 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 Tue 4:16 PM ET):
| Alphabet Inc. - Class C Capital Stock (GOOG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 158.84 | 158.92 | 158.88 | +2.65 | 19.0M | 21 | 1,904B |
GOOG Dividend-Like Income Using Covered Calls
With GOOG at 158.88, 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% | 4.77 | 1.3 |
| 5% | 7.94 | 2.2 |
| 10% | 15.89 | 4.4 |
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 | |
| May 2 | 160.00 | 6.65 | 32 | 20.8 | 1.08 (0.7%) | |
| Apr 4 | 160.00 | 1.85 | 4 | 46.3 | 1.08 (0.7%) | |
| 5% Yield On GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 2 | 160.00 | 6.65 | 32 | 20.8 | 1.08 (0.7%) | |
| Apr 4 | 160.00 | 1.85 | 4 | 46.3 | 1.08 (0.7%) | |
| 10% Yield On GOOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 2 | 160.00 | 6.65 | 32 | 20.8 | 1.08 (0.7%) | |
| Apr 4 | 160.00 | 1.85 | 4 | 46.3 | 1.08 (0.7%) | |
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| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | NIO dividend | 1. | IONQ dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | QUBT dividend | |
| 3. | ASHR dividend | 8. | EEM dividend | 3. | ACHR dividend | |
| 4. | SLV dividend | 9. | TLT dividend | 4. | HIMS dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | EWTX dividend | |
Want more examples? GOOD Dividend | GOOGL Dividend
