PG Dividend Type Payments

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 11:10 AM ET):

Procter & Gamble Company (The) (PG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
169.80	169.82	169.81	+0.27	1.4M	29	399B

PG Dividend-Like Income Using Covered Calls

With PG at 169.81, 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%	5.09	1.4
5%	8.49	2.3
10%	16.98	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
Dec 6	170.00	2.31	19	12.2	0.18 (0.1%)
Dec 13	170.00	2.76	26	10.6	0.18 (0.1%)

5% Yield On PG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	170.00	2.31	19	12.2	0.18 (0.1%)
Dec 13	170.00	2.76	26	10.6	0.18 (0.1%)

10% Yield On PG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	170.00	2.31	19	12.2	0.18 (0.1%)
Dec 13	170.00	2.76	26	10.6	0.18 (0.1%)

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Want more examples? PFXF Dividend | PGC Dividend