APAM Dividend Type Payments

Artisan Partners Asset Management Inc. Class A dividend

Although APAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Artisan Partners Asset Management 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 Fri 4:16 PM ET):

Artisan Partners Asset Management Inc. Class A (APAM)
Bid Ask Last Change Volume P/E Market Cap
38.42 41.92 40.72 +0.45 288K 11 3.2B

APAM Dividend-Like Income Using Covered Calls

With APAM at 40.72, 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% 1.22 0.3
5% 2.04 0.6
10% 4.07 1.1

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:

3% Yield On APAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 45.00 0.15 43 0.3 3.08 (7.6%)
Sep 19 44.50 0.70 106 0.7 2.58 (6.3%)
5% Yield On APAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 44.50 0.70 106 0.7 2.58 (6.3%)
Dec 19 45.00 1.25 197 0.6 3.08 (7.6%)

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Want more examples? APA Dividend | APD Dividend