PCG Dividend Type Payments

Pacific Gas & Electric Co. dividend

Although PCG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Pacific Gas & Electric Co. 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):

Pacific Gas & Electric Co. (PCG)
Bid Ask Last Change Volume P/E Market Cap
17.15 17.17 17.17 -2.08 74.1M 15 50B

PCG Dividend-Like Income Using Covered Calls

With PCG at 17.17, 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% 0.52 0.1
5% 0.86 0.2
10% 1.72 0.5

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 PCG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 7 17.50 0.09 29 0.3 0.33 (1.9%)
Feb 14 17.50 0.60 36 1.7 0.33 (1.9%)
5% Yield On PCG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 7 17.50 0.09 29 0.3 0.33 (1.9%)
Feb 14 17.50 0.60 36 1.7 0.33 (1.9%)
10% Yield On PCG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 7 18.00 0.32 29 1.1 0.83 (4.8%)
Feb 14 17.50 0.60 36 1.7 0.33 (1.9%)

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