BOX Dividend Type Payments

Box, Inc. Class A dividend

Although BOX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Box, 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 Wed 3:20 PM ET):

Box, Inc. Class A (BOX)
Bid Ask Last Change Volume P/E Market Cap
30.33 30.35 30.34 +0.55 1.0M 22 8.6B

BOX Dividend-Like Income Using Covered Calls

With BOX at 30.34, 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% 0.91 0.2
5% 1.52 0.4
10% 3.03 0.8

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 BOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 31.00 0.55 24 2.3 0.65 (2.1%)
Sep 19 31.00 2.40 150 1.6 0.65 (2.1%)
5% Yield On BOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 31.00 0.55 24 2.3 0.65 (2.1%)
Sep 19 31.00 2.40 150 1.6 0.65 (2.1%)
10% Yield On BOX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 31.00 0.55 24 2.3 0.65 (2.1%)
Sep 19 31.00 2.40 150 1.6 0.65 (2.1%)

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