ASRV Dividend Type Payments
Although ASRV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AmeriServ Financial Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:10 PM ET):
| AmeriServ Financial Inc. (ASRV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.90 | 2.96 | 2.93 | -0.01 | 5K | 13 | 0.0B |
ASRV Dividend-Like Income Using Covered Calls
With ASRV at 2.93, 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% | 0.09 | 0.0 |
| 5% | 0.15 | 0.0 |
| 10% | 0.29 | 0.1 |
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:
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | RUN dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | CLF dividend | |
| 4. | EEM dividend | 9. | IBIT dividend | 4. | UEC dividend | |
| 5. | SPY dividend | 10. | KWEB dividend | 5. | BHVN dividend | |
Want more examples? ASRT Dividend | ASTE Dividend
