ARES Dividend

Although ARES has a dividend of 1.12 with an ex-dividend date of Sep 16, you can sell covered calls on Ares Management 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 Mon 4:16 PM ET):

Ares Management Corporation Class A (ARES)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
184.50	187.82	186.55	-1.88	736K	86	61B

ARES Dividend-Like Income Using Covered Calls

With ARES at 186.55, 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%	5.60	1.5
5%	9.33	2.6
10%	18.66	5.1

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 ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	190.00	1.45	5	29.0	2.18 (1.2%)
Sep 19	190.00	5.70	40	14.3	2.18 (1.2%)

5% Yield On ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	190.00	1.45	5	29.0	2.18 (1.2%)
Sep 19	190.00	5.70	40	14.3	2.18 (1.2%)

10% Yield On ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	190.00	1.45	5	29.0	2.18 (1.2%)
Sep 19	190.00	5.70	40	14.3	2.18 (1.2%)

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

Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	MBX dividend
2.	SLV dividend	7.	GLD dividend	2.	FLNC dividend
3.	SPY dividend	8.	AMZN dividend	3.	CRML dividend
4.	IWM dividend	9.	INTC dividend	4.	AAP dividend
5.	IBIT dividend	10.	QQQ dividend	5.	ASTS dividend

Want more examples? ARE Dividend | ARGT Dividend