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7 Best Choices for Dividend-Capture

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Public Service Enterprise Group (PEG - Get Report)

Public Service Enterprise, through its subsidiaries, operates in the energy industry.

Yield: 4.43%
Dividend Amount: $0.35
Ex-Dividend Date: February -2, May-
Beta: 0.44

Strategy: Buy Public Service Enterprise Group stock and offer to sell the June $30.00 strike or lower call for 16 cents over the intrinsic value.

The option may get exercised early for a gain. In almost all cases, I sell the call option first to ensure the stock option leg is complete. If not, after qualifying for the dividend, I will look to close out the covered option with a gain of about 4 cents, plus the quarterly dividend paid by the company.

If my shares are called away the day before trading ex-dividend (resulting from the option buyer wanting the dividend), I gain about 16 cents. The most I can make is 51 cents if I hold the covered call through option expiration day and the stock gets called away.

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SYM TRADE IT LAST %CHG
GCI $34.77 0.00%
HRB $31.55 0.00%
PEG $41.96 0.00%
RAI $74.11 0.00%
WM $50.09 0.00%

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