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 Fri 4:16 PM ET):
| Ascendis Pharma A/S - American Depositary Shares (ASND) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 187.80 |
220.00 |
210.50 |
+3.47 |
444K |
- |
0.0B |
ASND Dividend-Like Income Using Covered Calls
With ASND at 210.50, 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% |
6.32 |
1.7 |
| 5% |
10.53 |
2.9 |
| 10% |
21.05 |
5.8 |
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 |
| Dec 19 |
220.00 |
11.20 |
64 |
17.5 |
0.00 (0.0%) |
| Nov 21 |
220.00 |
7.20 |
36 |
20.0 |
0.00 (0.0%) |
| 5% Yield On ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
220.00 |
11.20 |
64 |
17.5 |
0.00 (0.0%) |
| Nov 21 |
220.00 |
7.20 |
36 |
20.0 |
0.00 (0.0%) |
| 10% Yield On ASND Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
220.00 |
11.20 |
64 |
17.5 |
0.00 (0.0%) |
| Nov 21 |
220.00 |
7.20 |
36 |
20.0 |
0.00 (0.0%) |
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