AZEK Dividend Type Payments

Although AZEK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on The AZEK Company Inc. Class A 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):

The AZEK Company Inc. Class A (AZEK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
50.45	52.50	51.49	+1.20	2.4M	49	7.2B

AZEK Dividend-Like Income Using Covered Calls

With AZEK at 51.49, 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%	1.54	0.4
5%	2.57	0.7
10%	5.15	1.4

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 AZEK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	55.00	1.50	222	0.7	2.50 (4.9%)
Jun 20	55.00	0.50	40	1.3	2.50 (4.9%)

5% Yield On AZEK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	55.00	0.50	40	1.3	2.50 (4.9%)

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