ALEX Dividend Type Payments
Although ALEX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alexander & Baldwin, Inc. REIT Holding Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:50 PM ET):
| Alexander & Baldwin, Inc. REIT Holding Company (ALEX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.60 | 20.61 | 20.61 | +0.02 | 433K | 21 | 1.5B |
ALEX Dividend-Like Income Using Covered Calls
With ALEX at 20.61, 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% | 0.62 | 0.2 |
| 5% | 1.03 | 0.3 |
| 10% | 2.06 | 0.6 |
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 Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | EWTX dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | DJT dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | BW dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | VERI dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | UUUU dividend | |
Want more examples? ALEC Dividend | ALG Dividend
