ATNI Dividend Type Payments
Although ATNI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ATN International, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:45 PM ET):
ATN International, Inc. (ATNI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
15.85 | 16.02 | 15.94 | -0.10 | 38K | - | 0.2B |
ATNI Dividend-Like Income Using Covered Calls
With ATNI at 15.94, 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% | 0.48 | 0.1 |
5% | 0.80 | 0.2 |
10% | 1.59 | 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 ATNI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 17.50 | 0.35 | 229 | 0.2 | 1.48 (9.3%) | |
Jun 20 | 17.50 | 0.20 | 47 | 0.4 | 1.48 (9.3%) |
5% Yield On ATNI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 20 | 17.50 | 0.20 | 47 | 0.4 | 1.48 (9.3%) |
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Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
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1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
2. | SPY dividend | 7. | FXI dividend | 2. | IONQ dividend | |
3. | TLT dividend | 8. | TSLA dividend | 3. | CVI dividend | |
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5. | QQQ dividend | 10. | SNAP dividend | 5. | DDOG dividend |
Want more examples? ATMP Dividend | ATNM Dividend