ANGI Dividend Type Payments

Angi Inc. - Class A dividend

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 Mon 4:16 PM ET):

Angi Inc. - Class A (ANGI)
Bid Ask Last Change Volume P/E Market Cap
11.55 12.25 12.00 +0.40 1.5M - 0.1B

ANGI Dividend-Like Income Using Covered Calls

With ANGI at 12.00, 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% 0.36 0.1
5% 0.60 0.2
10% 1.20 0.3

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
Aug 15 12.50 1.75 117 1.5 0.25 (2.1%)
May 16 12.50 0.90 26 3.5 0.25 (2.1%)
5% Yield On ANGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 12.50 1.75 117 1.5 0.25 (2.1%)
May 16 12.50 0.90 26 3.5 0.25 (2.1%)
10% Yield On ANGI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 12.50 1.75 117 1.5 0.25 (2.1%)
May 16 12.50 0.90 26 3.5 0.25 (2.1%)

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