ANGI Dividend Type Payments
Although ANGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Angi 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 11:15 AM ET):
Angi Inc. - Class A (ANGI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
13.92 | 13.95 | 13.95 | +0.02 | 147K | 7.0 | 6.4B |
ANGI Dividend-Like Income Using Covered Calls
With ANGI at 13.95, 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% | 0.42 | 0.1 |
5% | 0.70 | 0.2 |
10% | 1.40 | 0.4 |
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 ANGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 15.00 | 1.45 | 67 | 2.2 | 1.05 (7.5%) | |
Nov 21 | 25.00 | 0.05 | 39 | 0.1 | 11.05 (79.2%) |
5% Yield On ANGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 15.00 | 1.45 | 67 | 2.2 | 1.05 (7.5%) | |
May 15 | 15.00 | 0.50 | 214 | 0.2 | 1.05 (7.5%) |
10% Yield On ANGI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 15.00 | 1.45 | 67 | 2.2 | 1.05 (7.5%) | |
Feb 20 | 15.00 | 0.65 | 130 | 0.5 | 1.05 (7.5%) |
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2. | IBIT dividend | 7. | INTC dividend | 2. | AREC dividend | |
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Want more examples? ANF Dividend | ANGL Dividend