ASND Dividend Type Payments
Although ASND has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ascendis Pharma A/S - 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 Mon 1:00 PM ET):
| Ascendis Pharma A/S - American Depositary Shares (ASND) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 128.95 |
129.36 |
128.99 |
+0.12 |
280K |
- |
0.0B |
ASND Dividend-Like Income Using Covered Calls
With ASND at 128.99, 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% |
3.87 |
1.1 |
| 5% |
6.45 |
1.8 |
| 10% |
12.90 |
3.5 |
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 ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
130.00 |
4.60 |
33 |
13.9 |
0.64 (0.5%) |
| Oct 18 |
130.00 |
1.10 |
5 |
22.0 |
0.64 (0.5%) |
| 5% Yield On ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
130.00 |
4.60 |
33 |
13.9 |
0.64 (0.5%) |
| Oct 18 |
130.00 |
1.10 |
5 |
22.0 |
0.64 (0.5%) |
| 10% Yield On ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
130.00 |
4.60 |
33 |
13.9 |
0.64 (0.5%) |
| Oct 18 |
130.00 |
1.10 |
5 |
22.0 |
0.64 (0.5%) |
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