AMSC Dividend Type Payments
Although AMSC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on American Superconductor Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:20 AM ET):
| American Superconductor Corporation (AMSC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 30.18 | 30.28 | 30.22 | -0.35 | 353K | - | 1.2B |
AMSC Dividend-Like Income Using Covered Calls
With AMSC at 30.22, 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% | 0.91 | 0.2 |
| 5% | 1.51 | 0.4 |
| 10% | 3.02 | 0.8 |
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 AMSC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 31.00 | 2.70 | 32 | 8.4 | 0.72 (2.4%) | |
| Aug 15 | 32.00 | 8.30 | 270 | 3.1 | 1.72 (5.7%) | |
| 5% Yield On AMSC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 31.00 | 2.70 | 32 | 8.4 | 0.72 (2.4%) | |
| Aug 15 | 32.00 | 8.30 | 270 | 3.1 | 1.72 (5.7%) | |
| 10% Yield On AMSC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 31.00 | 2.70 | 32 | 8.4 | 0.72 (2.4%) | |
| Aug 15 | 32.00 | 8.30 | 270 | 3.1 | 1.72 (5.7%) | |
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| Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
| 2. | SPY dividend | 7. | XLF dividend | 2. | HUT dividend | |
| 3. | EEM dividend | 8. | KWEB dividend | 3. | CRVS dividend | |
| 4. | FXI dividend | 9. | TLT dividend | 4. | RCAT dividend | |
| 5. | IWM dividend | 10. | AAPL dividend | 5. | ANAB dividend | |
Want more examples? AMRX Dividend | AMSF Dividend
