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 Wed 12:05 PM ET):
AMC Entertainment Holdings, Inc. Class A (AMC) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
4.41 | 4.42 | 4.41 | -0.11 | 6.0M | - | 4.0B |
AMC Dividend-Like Income Using Covered Calls
With AMC at 4.41, 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% | 0.13 | 0.0 |
5% | 0.22 | 0.1 |
10% | 0.44 | 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 | |
Nov 1 | 4.50 | 0.37 | 38 | 1.0 | 0.08 (1.8%) | |
Oct 4 | 10.00 | 0.01 | 10 | 0.1 | 5.58 (126.5%) |
5% Yield On AMC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 4.50 | 0.37 | 38 | 1.0 | 0.08 (1.8%) | |
Oct 4 | 10.00 | 0.01 | 10 | 0.1 | 5.58 (126.5%) |
10% Yield On AMC Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 4.50 | 0.37 | 38 | 1.0 | 0.08 (1.8%) | |
Oct 4 | 4.50 | 0.17 | 10 | 1.7 | 0.08 (1.8%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | HYG dividend | 1. | DJT dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | WVE dividend | |
3. | SPY dividend | 8. | FXI dividend | 3. | CPRI dividend | |
4. | SLV dividend | 9. | GLD dividend | 4. | CORZ dividend | |
5. | QQQ dividend | 10. | TLT dividend | 5. | CLSK dividend |
Want more examples? AMBC Dividend | AMCR Dividend