ARES Dividend

Although ARES has a dividend of 1.12 with an ex-dividend date of Dec 17, 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 Fri 4:16 PM ET):

Ares Management Corporation Class A (ARES)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
145.31	148.46	147.43	+3.12	1.4M	-	47B

ARES Dividend-Like Income Using Covered Calls

With ARES at 147.43, 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%	4.42	1.2
5%	7.37	2.0
10%	14.74	4.0

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
Dec 19	150.00	4.60	29	15.9	1.54 (1.0%)
Jan 16	150.00	6.80	57	11.9	1.54 (1.0%)

5% Yield On ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	150.00	4.60	29	15.9	1.54 (1.0%)
Jan 16	150.00	6.80	57	11.9	1.54 (1.0%)

10% Yield On ARES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	150.00	4.60	29	15.9	1.54 (1.0%)
Jan 16	150.00	6.80	57	11.9	1.54 (1.0%)

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Want more examples? ARE Dividend | ARGT Dividend