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 Wed 1:30 PM ET):
| Angi Inc. - Class A (ANGI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 11.67 | 13.28 | 12.72 | -0.08 | 306K | 17 | 5.9B |
ANGI Dividend-Like Income Using Covered Calls
With ANGI at 12.72, 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% | 0.38 | 0.1 |
| 5% | 0.64 | 0.2 |
| 10% | 1.27 | 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 | |
| May 15 | 15.00 | 1.45 | 143 | 1.0 | 1.72 (13.5%) | |
| Jan 16 | 15.00 | 0.05 | 24 | 0.2 | 1.72 (13.5%) | |
| 5% Yield On ANGI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 15.00 | 1.45 | 143 | 1.0 | 1.72 (13.5%) | |
| Jan 16 | 15.00 | 0.05 | 24 | 0.2 | 1.72 (13.5%) | |
| 10% Yield On ANGI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 15.00 | 1.45 | 143 | 1.0 | 1.72 (13.5%) | |
| Feb 20 | 15.00 | 0.60 | 59 | 1.0 | 1.72 (13.5%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | BHVN dividend | |
| 2. | INTC dividend | 7. | GLD dividend | 2. | DAWN dividend | |
| 3. | TLT dividend | 8. | NIO dividend | 3. | RARE dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | TMC dividend | |
| 5. | AAPL dividend | 10. | SPY dividend | 5. | PGR dividend | |
Want more examples? ANF Dividend | ANGL Dividend
