GOOG Dividend Type Payments

Alphabet Inc. - Class C Capital Stock dividend

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
197.00 197.07 197.12 -1.04 22.4M 26 2,426B

GOOG Dividend-Like Income Using Covered Calls

With GOOG at 197.12, 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% 5.91 1.6
5% 9.86 2.7
10% 19.71 5.4

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
Dec 20 197.50 2.33 4 58.3 0.43 (0.2%)
Dec 27 197.50 3.45 11 31.4 0.43 (0.2%)
5% Yield On GOOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 197.50 2.33 4 58.3 0.43 (0.2%)
Dec 27 197.50 3.45 11 31.4 0.43 (0.2%)
10% Yield On GOOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 197.50 2.33 4 58.3 0.43 (0.2%)
Dec 27 197.50 3.45 11 31.4 0.43 (0.2%)

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Want more examples? GOOD Dividend | GOOGL Dividend