ASO Dividend Type Payments
Although ASO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Academy Sports and Outdoors, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:50 PM ET):
| Academy Sports and Outdoors, Inc. (ASO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 53.15 | 53.18 | 53.17 | -1.22 | 676K | 8.4 | 3.8B |
ASO Dividend-Like Income Using Covered Calls
With ASO at 53.17, 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% | 1.60 | 0.4 |
| 5% | 2.66 | 0.7 |
| 10% | 5.32 | 1.5 |
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 ASO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 53.00 | 1.75 | 19 | 8.3 | 0.00 (0.0%) | |
| Nov 8 | 53.00 | 2.05 | 26 | 7.2 | 0.00 (0.0%) | |
| 5% Yield On ASO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 53.00 | 1.75 | 19 | 8.3 | 0.00 (0.0%) | |
| Nov 8 | 53.00 | 2.05 | 26 | 7.2 | 0.00 (0.0%) | |
| 10% Yield On ASO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 53.00 | 1.75 | 19 | 8.3 | 0.00 (0.0%) | |
| Nov 8 | 53.00 | 2.05 | 26 | 7.2 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | ANRO dividend | |
| 2. | FXI dividend | 7. | EEM dividend | 2. | CAPR dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | DJT dividend | |
| 4. | SPY dividend | 9. | KWEB dividend | 4. | ULCC dividend | |
| 5. | TSLA dividend | 10. | SMCI dividend | 5. | SGH dividend | |
Want more examples? ASND Dividend | ASPN Dividend
