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 4:16 PM ET):
| ATN International, Inc. (ATNI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.36 | 27.87 | 25.73 | -0.05 | 58K | - | 0.4B |
ATNI Dividend-Like Income Using Covered Calls
With ATNI at 25.73, 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% | 0.77 | 0.2 |
| 5% | 1.29 | 0.4 |
| 10% | 2.57 | 0.7 |
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 | |
| Mar 20 | 30.00 | 0.15 | 40 | 0.4 | 2.13 (8.3%) | |
| Sep 18 | 30.00 | 0.50 | 222 | 0.2 | 2.13 (8.3%) | |
| 5% Yield On ATNI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 20 | 30.00 | 0.15 | 40 | 0.4 | 2.13 (8.3%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | OCUL dividend | |
| 2. | NVDA dividend | 7. | SPY dividend | 2. | UPWK dividend | |
| 3. | KWEB dividend | 8. | EWZ dividend | 3. | PINS dividend | |
| 4. | IBIT dividend | 9. | TLT dividend | 4. | NET dividend | |
| 5. | GLD dividend | 10. | CORZ dividend | 5. | APLD dividend | |
Want more examples? ATMP Dividend | ATNM Dividend
