ATNI Dividend
Although ATNI has a dividend of 0.24 with an ex-dividend date of Mar 31, 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 Wed 4:16 PM ET):
| ATN International, Inc. (ATNI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.54 | 22.58 | 21.12 | +0.21 | 49K | - | 0.3B |
ATNI Dividend-Like Income Using Covered Calls
With ATNI at 21.12, 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% | 0.63 | 0.2 |
| 5% | 1.06 | 0.3 |
| 10% | 2.11 | 0.6 |
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 Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TLT dividend | 1. | GME dividend | |
| 2. | SPY dividend | 7. | NIO dividend | 2. | HIMS dividend | |
| 3. | ASHR dividend | 8. | QQQ dividend | 3. | EWTX dividend | |
| 4. | SLV dividend | 9. | IWM dividend | 4. | SLNO dividend | |
| 5. | EEM dividend | 10. | TSLA dividend | 5. | RIOT dividend | |
Want more examples? ATMP Dividend | ATNM Dividend
