DAVE Dividend Type Payments

Although DAVE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Dave 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 Fri 4:16 PM ET):

Dave Inc. - Class A (DAVE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
182.45	186.50	182.37	-8.03	319K	-	2.3B

DAVE Dividend-Like Income Using Covered Calls

With DAVE at 182.37, 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%	5.47	1.5
5%	9.12	2.5
10%	18.24	5.0

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 DAVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 16	190.00	42.60	267	16.0	3.50 (1.9%)
Apr 17	190.00	20.50	85	24.1	3.50 (1.9%)

5% Yield On DAVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 16	190.00	42.60	267	16.0	3.50 (1.9%)
Apr 17	190.00	20.50	85	24.1	3.50 (1.9%)

10% Yield On DAVE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 16	190.00	42.60	267	16.0	3.50 (1.9%)
Apr 17	190.00	20.50	85	24.1	3.50 (1.9%)

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