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 Thu 4:16 PM ET):

Artisan Partners Asset Management Inc. Class A (APAM)
Bid Ask Last Change Volume P/E Market Cap
33.75 38.53 35.04 +0.15 403K 10 2.8B

APAM Dividend-Like Income Using Covered Calls

With APAM at 35.04, 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% 1.05 0.3
5% 1.75 0.5
10% 3.50 1.0

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
Sep 19 39.50 1.10 156 0.7 0.97 (2.8%)
Dec 19 40.00 1.40 247 0.6 1.47 (4.2%)
5% Yield On APAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 39.50 1.10 156 0.7 0.97 (2.8%)
Dec 19 40.00 1.40 247 0.6 1.47 (4.2%)

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