APPN Dividend Type Payments
Although APPN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Appian 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):
Appian Corporation - Class A (APPN) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
31.13 |
34.54 |
31.31 |
-0.82 |
536K |
- |
2.3B |
APPN Dividend-Like Income Using Covered Calls
With APPN at 31.31, 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% |
0.94 |
0.3 |
5% |
1.57 |
0.4 |
10% |
3.13 |
0.9 |
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 APPN Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
35.00 |
0.90 |
36 |
2.5 |
0.46 (1.5%) |
Oct 18 |
37.50 |
0.05 |
8 |
0.6 |
2.96 (9.5%) |
5% Yield On APPN Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
35.00 |
0.90 |
36 |
2.5 |
0.46 (1.5%) |
Oct 18 |
37.50 |
0.05 |
8 |
0.6 |
2.96 (9.5%) |
10% Yield On APPN Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
35.00 |
0.90 |
36 |
2.5 |
0.46 (1.5%) |
Dec 20 |
35.00 |
1.50 |
71 |
2.1 |
0.46 (1.5%) |
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