APP Dividend Type Payments

Although APP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Applovin Corporation - 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):

Applovin Corporation - Class A (APP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
307.13	307.50	307.58	+28.09	6.9M	62	95B

APP Dividend-Like Income Using Covered Calls

With APP at 307.58, 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%	9.23	2.5
5%	15.38	4.2
10%	30.76	8.4

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 APP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	310.00	41.20	36	114.4	2.50 (0.8%)
May 9	307.50	32.90	8	411.3	0.00 (0.0%)

5% Yield On APP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	310.00	41.20	36	114.4	2.50 (0.8%)
May 9	307.50	32.90	8	411.3	0.00 (0.0%)

10% Yield On APP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 6	310.00	41.20	36	114.4	2.50 (0.8%)
May 9	307.50	32.90	8	411.3	0.00 (0.0%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	APP dividend
2.	SPY dividend	7.	FXI dividend	2.	CVI dividend
3.	TLT dividend	8.	GLD dividend	3.	PTON dividend
4.	SLV dividend	9.	TSLA dividend	4.	PINS dividend
5.	QQQ dividend	10.	INTC dividend	5.	UPST dividend

Want more examples? APOG Dividend | APPF Dividend