AMC Dividend Type Payments
Although AMC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AMC Entertainment Holdings, 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 Fri 3:50 PM ET):
| AMC Entertainment Holdings, Inc. Class A (AMC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.26 | 2.27 | 2.26 | -0.08 | 16.0M | - | 2.2B |
AMC Dividend-Like Income Using Covered Calls
With AMC at 2.26, 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% | 0.07 | 0.0 |
| 5% | 0.11 | 0.0 |
| 10% | 0.23 | 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:
| 3% Yield On AMC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 2.50 | 0.05 | 22 | 0.2 | 0.23 (10.2%) | |
| Dec 12 | 2.50 | 0.10 | 29 | 0.3 | 0.23 (10.2%) | |
| 5% Yield On AMC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 2.50 | 0.05 | 22 | 0.2 | 0.23 (10.2%) | |
| Dec 12 | 2.50 | 0.10 | 29 | 0.3 | 0.23 (10.2%) | |
| 10% Yield On AMC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 2.50 | 0.05 | 22 | 0.2 | 0.23 (10.2%) | |
| Dec 12 | 2.50 | 0.10 | 29 | 0.3 | 0.23 (10.2%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | SPY dividend | 1. | IMNM dividend | |
| 2. | NVDA dividend | 7. | TLT dividend | 2. | RZLT dividend | |
| 3. | KVUE dividend | 8. | GLD dividend | 3. | AGIO dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | VTYX dividend | |
| 5. | TSLA dividend | 10. | ASST dividend | 5. | INBX dividend | |
Want more examples? AMBR Dividend | AMCR Dividend
