Z Dividend Type Payments

Although Z has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Zillow Group, Inc. - Class C Capital Stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Zillow Group, Inc. - Class C Capital Stock (Z)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
77.95	78.80	78.33	+0.99	2.1M	-	19B

Z Dividend-Like Income Using Covered Calls

With Z at 78.33, 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%	2.35	0.6
5%	3.92	1.1
10%	7.83	2.1

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 Z Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	79.00	3.65	38	9.6	0.20 (0.3%)
Mar 7	79.00	1.82	10	18.2	0.20 (0.3%)

5% Yield On Z Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	79.00	3.65	38	9.6	0.20 (0.3%)
Mar 7	79.00	1.82	10	18.2	0.20 (0.3%)

10% Yield On Z Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	79.00	3.65	38	9.6	0.20 (0.3%)
Mar 7	79.00	1.82	10	18.2	0.20 (0.3%)

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