APAM Dividend Type Payments
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 10:20 AM ET):
| Artisan Partners Asset Management Inc. Class A (APAM) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 44.22 | 44.55 | 44.55 | +0.56 | 29K | 12 | 3.5B |
APAM Dividend-Like Income Using Covered Calls
With APAM at 44.55, 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% | 1.34 | 0.4 |
| 5% | 2.23 | 0.6 |
| 10% | 4.46 | 1.2 |
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 | |
| Jun 18 | 45.00 | 1.95 | 148 | 1.3 | 0.45 (1.0%) | |
| Sep 18 | 45.00 | 2.50 | 240 | 1.0 | 0.45 (1.0%) | |
| 5% Yield On APAM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 45.00 | 1.95 | 148 | 1.3 | 0.45 (1.0%) | |
| Sep 18 | 45.00 | 2.50 | 240 | 1.0 | 0.45 (1.0%) | |
| 10% Yield On APAM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 45.00 | 1.95 | 148 | 1.3 | 0.45 (1.0%) | |
| Feb 20 | 45.00 | 0.85 | 30 | 2.8 | 0.45 (1.0%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | QQQ dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | ONDS dividend | |
| 3. | NVDA dividend | 8. | AAPL dividend | 3. | NVTS dividend | |
| 4. | IBIT dividend | 9. | HYG dividend | 4. | SOC dividend | |
| 5. | CORZ dividend | 10. | SPY dividend | 5. | HYMC dividend | |
Want more examples? APA Dividend | APD Dividend
