ARGX Dividend Type Payments

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

argenx SE - American Depositary Shares (ARGX)
Bid Ask Last Change Volume P/E Market Cap
440.00 700.00 596.20 +8.61 301K 46 0.0B

ARGX Dividend-Like Income Using Covered Calls

With ARGX at 596.20, 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% 17.89 4.9
5% 29.81 8.2
10% 59.62 16.3

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 ARGX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 700.00 9.50 121 7.9 0.00 (0.0%)
Dec 19 700.00 30.00 247 12.1 0.00 (0.0%)
5% Yield On ARGX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 700.00 30.00 247 12.1 0.00 (0.0%)
Nov 21 700.00 25.00 219 11.4 0.00 (0.0%)

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