ADV Dividend Type Payments
Although ADV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Advantage Solutions Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
Advantage Solutions Inc. - Class A (ADV) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
2.91 | 3.22 | 3.06 | -0.04 | 226K | - | 1.0B |
ADV Dividend-Like Income Using Covered Calls
With ADV at 3.06, 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% | 0.09 | 0.0 |
5% | 0.15 | 0.0 |
10% | 0.31 | 0.1 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | MBLY dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | LYFT dividend | |
3. | FXI dividend | 8. | TSLA dividend | 3. | HUM dividend | |
4. | SPY dividend | 9. | HYG dividend | 4. | TDOC dividend | |
5. | QQQ dividend | 10. | SMCI dividend | 5. | U dividend |
Want more examples? ADUS Dividend | ADVM Dividend