STX Dividend

Although STX has a dividend of 0.72 with an ex-dividend date of Dec 13, you can sell covered calls on Seagate Technology Holdings PLC - Ordinary Shares (Ireland) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
97.05	98.83	97.80	+0.78	1.6M	25	21B

STX Dividend-Like Income Using Covered Calls

With STX at 97.80, 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%	2.93	0.8
5%	4.89	1.3
10%	9.78	2.7

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 STX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	100.00	0.55	18	3.1	1.17 (1.2%)
Dec 13	100.00	1.85	25	7.4	1.17 (1.2%)

5% Yield On STX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	100.00	0.55	18	3.1	1.17 (1.2%)
Dec 13	100.00	1.85	25	7.4	1.17 (1.2%)

10% Yield On STX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	100.00	0.55	18	3.1	1.17 (1.2%)
Dec 13	100.00	1.85	25	7.4	1.17 (1.2%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	SAVA dividend
2.	SPY dividend	7.	XLF dividend	2.	HUT dividend
3.	EEM dividend	8.	KWEB dividend	3.	CRVS dividend
4.	FXI dividend	9.	TLT dividend	4.	ANAB dividend
5.	IWM dividend	10.	AAPL dividend	5.	CLSK dividend

Want more examples? STWD Dividend | STXS Dividend