AVD Dividend Type Payments

Although AVD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on American Vanguard Corporation ($0.10 Par Value) 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):

American Vanguard Corporation ($0.10 Par Value) (AVD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
4.46	4.77	4.70	+0.05	171K	-	0.1B

AVD Dividend-Like Income Using Covered Calls

With AVD at 4.70, 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%	0.14	0.0
5%	0.24	0.1
10%	0.47	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:

3% Yield On AVD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	5.00	0.05	40	0.1	0.23 (4.9%)
Nov 21	5.00	0.20	103	0.2	0.23 (4.9%)

5% Yield On AVD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	5.00	0.05	40	0.1	0.23 (4.9%)
Nov 21	5.00	0.20	103	0.2	0.23 (4.9%)

10% Yield On AVD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	5.00	0.20	103	0.2	0.23 (4.9%)

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Want more examples? AVB Dividend | AVDE Dividend