ATEN Dividend Type Payments
Although ATEN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on A10 Networks, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:05 AM ET):
A10 Networks, Inc. (ATEN) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
14.73 | 14.74 | 14.74 | +0.02 | 31K | 25 | 1.1B |
ATEN Dividend-Like Income Using Covered Calls
With ATEN at 14.74, 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% | 0.44 | 0.1 |
5% | 0.74 | 0.2 |
10% | 1.47 | 0.4 |
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 ATEN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 15.00 | 0.65 | 32 | 2.0 | 0.26 (1.8%) |
5% Yield On ATEN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 15.00 | 0.65 | 32 | 2.0 | 0.26 (1.8%) |
10% Yield On ATEN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 15.00 | 0.65 | 32 | 2.0 | 0.26 (1.8%) |
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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. | AAOI dividend | |
4. | TSLA dividend | 9. | SMCI dividend | 4. | BYON dividend | |
5. | SPY dividend | 10. | KWEB dividend | 5. | ULCC dividend |
Want more examples? ATEC Dividend | ATEX Dividend