AOSL Dividend Type Payments
Although AOSL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alpha and Omega Semiconductor Limited - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Alpha and Omega Semiconductor Limited - Common Shares (AOSL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 17.08 | 23.00 | 19.81 | -0.16 | 297K | - | 0.6B |
AOSL Dividend-Like Income Using Covered Calls
With AOSL at 19.81, 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% | 0.59 | 0.2 |
| 5% | 0.99 | 0.3 |
| 10% | 1.98 | 0.5 |
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 AOSL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 25.00 | 2.00 | 170 | 1.2 | 2.00 (10.1%) | |
| Feb 20 | 25.00 | 0.20 | 52 | 0.4 | 2.00 (10.1%) | |
| 5% Yield On AOSL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 25.00 | 2.00 | 170 | 1.2 | 2.00 (10.1%) | |
| Feb 20 | 25.00 | 0.20 | 52 | 0.4 | 2.00 (10.1%) | |
| 10% Yield On AOSL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 25.00 | 2.00 | 170 | 1.2 | 2.00 (10.1%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | SOC dividend | |
| 2. | INTC dividend | 7. | GLD dividend | 2. | IMRX dividend | |
| 3. | IBIT dividend | 8. | SPY dividend | 3. | DAWN dividend | |
| 4. | TLT dividend | 9. | NIO dividend | 4. | RKLB dividend | |
| 5. | SLV dividend | 10. | NFLX dividend | 5. | ONDS dividend | |
Want more examples? AOS Dividend | AOUT Dividend
