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 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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