DAKT Dividend Type Payments

Daktronics, Inc. dividend

Although DAKT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Daktronics, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Daktronics, Inc. (DAKT)
Bid Ask Last Change Volume P/E Market Cap
19.62 21.31 20.42 +0.56 975K - 1.0B

DAKT Dividend-Like Income Using Covered Calls

With DAKT at 20.42, 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% 0.61 0.2
5% 1.02 0.3
10% 2.04 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:

3% Yield On DAKT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 22.50 0.10 29 0.3 1.19 (5.8%)
Jan 16 22.50 0.85 85 1.0 1.19 (5.8%)
5% Yield On DAKT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 22.50 0.10 29 0.3 1.19 (5.8%)
Jan 16 22.50 0.85 85 1.0 1.19 (5.8%)
10% Yield On DAKT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 22.50 0.85 85 1.0 1.19 (5.8%)
Apr 17 22.50 1.05 176 0.6 1.19 (5.8%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Nov 21 Expiration     Top 5 High Yield
1.IBIT dividend 6.TLT dividend   1.UUUU dividend
2.KVUE dividend 7.HYG dividend   2.CRML dividend
3.NVDA dividend 8.EEM dividend   3.UPST dividend
4.SLV dividend 9.QQQ dividend   4.RXRX dividend
5.GLD dividend 10.INTC dividend   5.LQDA dividend

Want more examples? DAC Dividend | DAL Dividend