AMCX Dividend Type Payments

Although AMCX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AMC Networks 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 Tue 12:20 PM ET):

AMC Networks Inc. - Class A (AMCX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
8.09	8.11	8.10	-0.18	95K	-	0.4B

AMCX Dividend-Like Income Using Covered Calls

With AMCX at 8.10, 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%	0.24	0.1
5%	0.41	0.1
10%	0.81	0.2

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 AMCX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	10.00	0.10	150	0.1	1.89 (23.3%)
Sep 18	10.00	0.30	242	0.1	1.89 (23.3%)

5% Yield On AMCX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 18	10.00	0.30	242	0.1	1.89 (23.3%)
Dec 18	10.00	1.35	333	0.4	1.89 (23.3%)

10% Yield On AMCX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 18	10.00	1.35	333	0.4	1.89 (23.3%)
Mar 20	10.00	0.15	60	0.3	1.89 (23.3%)

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