IPG Dividend

Interpublic Group of Companies, Inc. (The) dividend

Although IPG has a dividend of 0.33 with an ex-dividend date of Dec 2, you can sell covered calls on Interpublic Group of Companies, Inc. (The) 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):

Interpublic Group of Companies, Inc. (The) (IPG)
Bid Ask Last Change Volume P/E Market Cap
26.39 27.42 27.09 -2.11 10.3M 14 11B

IPG Dividend-Like Income Using Covered Calls

With IPG at 27.09, 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% 0.81 0.2
5% 1.35 0.4
10% 2.71 0.7

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 IPG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 28.00 0.25 36 0.7 0.58 (2.1%)
Jan 17 28.00 0.55 64 0.9 0.58 (2.1%)
5% Yield On IPG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 28.00 0.25 36 0.7 0.58 (2.1%)
Jan 17 28.00 0.55 64 0.9 0.58 (2.1%)
10% Yield On IPG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 28.00 0.55 64 0.9 0.58 (2.1%)

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