APPS Dividend Type Payments

Digital Turbine, Inc. dividend

Although APPS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Digital Turbine, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Digital Turbine, Inc. (APPS)
Bid Ask Last Change Volume P/E Market Cap
5.66 5.74 5.65 -0.29 4.4M - 0.6B

APPS Dividend-Like Income Using Covered Calls

With APPS at 5.65, 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% 0.17 0.0
5% 0.28 0.1
10% 0.57 0.2

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 APPS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 10.00 0.10 39 0.3 4.26 (75.4%)
Jul 18 6.00 0.20 11 1.8 0.26 (4.6%)
5% Yield On APPS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 10.00 0.10 39 0.3 4.26 (75.4%)
Jul 18 6.00 0.20 11 1.8 0.26 (4.6%)
10% Yield On APPS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 10.00 0.10 39 0.3 4.26 (75.4%)
Jul 18 6.00 0.20 11 1.8 0.26 (4.6%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.CIFR dividend
2.SLV dividend 7.AAPL dividend   2.PRAX dividend
3.SPY dividend 8.TLT dividend   3.AEVA dividend
4.TSLA dividend 9.IBIT dividend   4.RXRX dividend
5.IWM dividend 10.QQQ dividend   5.CELC dividend

Want more examples? APPN Dividend | APT Dividend