PG Dividend Type Payments

Procter & Gamble Company (The) dividend

Although PG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Procter & Gamble Company (The) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Procter & Gamble Company (The) (PG)
Bid Ask Last Change Volume P/E Market Cap
170.54 170.79 170.54 +0.31 7.7M 27 399B

PG Dividend-Like Income Using Covered Calls

With PG at 170.54, 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% 5.12 1.4
5% 8.53 2.3
10% 17.05 4.7

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 PG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 4 170.00 4.05 40 8.2 0.00 (0.0%)
Mar 7 170.00 2.18 12 11.6 0.00 (0.0%)
5% Yield On PG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 4 170.00 4.05 40 8.2 0.00 (0.0%)
Mar 7 170.00 2.18 12 11.6 0.00 (0.0%)
10% Yield On PG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 4 170.00 4.05 40 8.2 0.00 (0.0%)
Mar 7 170.00 2.18 12 11.6 0.00 (0.0%)

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