ALKS Dividend Type Payments
Although ALKS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alkermes plc - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
Alkermes plc - Ordinary Shares (ALKS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
31.58 | 32.85 | 32.23 | +0.29 | 1.2M | 15 | 5.3B |
ALKS Dividend-Like Income Using Covered Calls
With ALKS at 32.23, 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% | 0.97 | 0.3 |
5% | 1.61 | 0.4 |
10% | 3.22 | 0.9 |
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 ALKS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 33.00 | 0.05 | 3 | 1.7 | 0.15 (0.5%) | |
Nov 21 | 33.00 | 1.20 | 38 | 3.2 | 0.15 (0.5%) |
5% Yield On ALKS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 33.00 | 0.05 | 3 | 1.7 | 0.15 (0.5%) | |
Nov 21 | 33.00 | 1.20 | 38 | 3.2 | 0.15 (0.5%) |
10% Yield On ALKS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 33.00 | 0.05 | 3 | 1.7 | 0.15 (0.5%) | |
Nov 21 | 33.00 | 1.20 | 38 | 3.2 | 0.15 (0.5%) |
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Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | INTC dividend | 1. | BHVN dividend | |
2. | IBIT dividend | 7. | SLV dividend | 2. | NB dividend | |
3. | SPY dividend | 8. | AMZN dividend | 3. | SANA dividend | |
4. | GLD dividend | 9. | QQQ dividend | 4. | AREC dividend | |
5. | TSLA dividend | 10. | OPEN dividend | 5. | EU dividend |
Want more examples? ALK Dividend | ALL Dividend