ABCB Dividend Type Payments

Ameris Bancorp dividend

Although ABCB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ameris Bancorp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:40 AM ET):

Ameris Bancorp (ABCB)
Bid Ask Last Change Volume P/E Market Cap
70.24 70.39 70.28 +0.30 30K 15 4.8B

ABCB Dividend-Like Income Using Covered Calls

With ABCB at 70.28, 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% 2.11 0.6
5% 3.51 1.0
10% 7.03 1.9

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 ABCB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 75.00 1.50 155 1.0 4.61 (6.6%)
Jul 18 75.00 3.20 247 1.3 4.61 (6.6%)
5% Yield On ABCB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 75.00 1.50 155 1.0 4.61 (6.6%)
Jul 18 75.00 3.20 247 1.3 4.61 (6.6%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Nov 15 Expiration     Top 5 High Yield
1.FXI dividend 6.IWM dividend   1.ZETA dividend
2.NVDA dividend 7.TLT dividend   2.CAPR dividend
3.TSLA dividend 8.EEM dividend   3.AMAT dividend
4.SPY dividend 9.EWZ dividend   4.NMRA dividend
5.SLV dividend 10.SMCI dividend   5.HTZ dividend

Want more examples? ABBV Dividend | ABEO Dividend