OGE Dividend Type Payments
Although OGE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on OGE Energy Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:55 PM ET):
| OGE Energy Corp (OGE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 42.31 | 42.32 | 42.32 | +0.02 | 695K | 22 | 8.5B |
OGE Dividend-Like Income Using Covered Calls
With OGE at 42.32, 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% | 1.27 | 0.3 |
| 5% | 2.12 | 0.6 |
| 10% | 4.23 | 1.2 |
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 OGE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 20 | 45.00 | 0.70 | 137 | 0.5 | 2.68 (6.3%) | |
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | FXI dividend | 1. | LUMN dividend | |
| 2. | TLT dividend | 7. | SLV dividend | 2. | AFRM dividend | |
| 3. | SPY dividend | 8. | QQQ dividend | 3. | SYM dividend | |
| 4. | IWM dividend | 9. | KWEB dividend | 4. | BILL dividend | |
| 5. | TSLA dividend | 10. | GLD dividend | 5. | ENPH dividend | |
Want more examples? OGCP Dividend | OGI Dividend
