AIN Dividend Type Payments
Although AIN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Albany International Corporation 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):
| Albany International Corporation (AIN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 59.48 | 65.62 | 62.80 | +1.48 | 453K | 31 | 1.8B |
AIN Dividend-Like Income Using Covered Calls
With AIN at 62.80, 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% | 1.88 | 0.5 |
| 5% | 3.14 | 0.9 |
| 10% | 6.28 | 1.7 |
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:
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ONDS dividend | |
| 2. | SLV dividend | 7. | IBIT dividend | 2. | CRWV dividend | |
| 3. | SPY dividend | 8. | GLD dividend | 3. | DLO dividend | |
| 4. | IWM dividend | 9. | AMZN dividend | 4. | GLBE dividend | |
| 5. | INTC dividend | 10. | QQQ dividend | 5. | AAP dividend | |
Want more examples? AIG Dividend | AIQ Dividend
