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 3:10 PM ET):
| Angi Inc. - Class A (ANGI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.52 | 2.53 | 2.52 | +0.04 | 570K | - | 1.2B |
ANGI Dividend-Like Income Using Covered Calls
With ANGI at 2.52, 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% | 0.08 | 0.0 |
| 5% | 0.13 | 0.0 |
| 10% | 0.25 | 0.1 |
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:
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | ANRO dividend | |
| 2. | FXI dividend | 7. | EEM dividend | 2. | AAOI dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | ULCC dividend | |
| 4. | TSLA dividend | 9. | SMCI dividend | 4. | CPRI dividend | |
| 5. | SPY dividend | 10. | KWEB dividend | 5. | MNMD dividend | |
Want more examples? ANF Dividend | ANGL Dividend
