EE Dividend

Excelerate Energy, Inc. Class A dividend

Although EE has a dividend of 0.06 with an ex-dividend date of Mar 12, you can sell covered calls on Excelerate Energy, 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):

Excelerate Energy, Inc. Class A (EE)
Bid Ask Last Change Volume P/E Market Cap
27.25 29.39 28.35 -1.10 242K 28 0.7B

EE Dividend-Like Income Using Covered Calls

With EE at 28.35, 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% 0.85 0.2
5% 1.42 0.4
10% 2.84 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 EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 32.00 1.60 176 0.9 2.61 (9.2%)
May 16 30.00 0.85 85 1.0 0.61 (2.2%)
5% Yield On EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 32.00 1.60 176 0.9 2.61 (9.2%)
May 16 30.00 0.85 85 1.0 0.61 (2.2%)
10% Yield On EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 32.00 1.60 176 0.9 2.61 (9.2%)
May 16 30.00 0.85 85 1.0 0.61 (2.2%)

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