ANGO Dividend Type Payments
Although ANGO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AngioDynamics, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| AngioDynamics, Inc. (ANGO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 12.25 | 12.84 | 12.40 | +0.10 | 271K | - | 0.5B |
ANGO Dividend-Like Income Using Covered Calls
With ANGO at 12.40, 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% | 0.37 | 0.1 |
| 5% | 0.62 | 0.2 |
| 10% | 1.24 | 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 ANGO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 15.00 | 0.15 | 50 | 0.3 | 2.16 (17.4%) | |
| Apr 17 | 15.00 | 0.20 | 141 | 0.1 | 2.16 (17.4%) | |
| 5% Yield On ANGO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 15.00 | 0.15 | 50 | 0.3 | 2.16 (17.4%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | RZLT dividend | |
| 2. | IWM dividend | 7. | GLD dividend | 2. | IMNM dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | VTYX dividend | |
| 4. | QQQ dividend | 9. | TLT dividend | 4. | PATH dividend | |
| 5. | IBIT dividend | 10. | FXI dividend | 5. | IREN dividend | |
Want more examples? ANGL Dividend | ANIK Dividend
