EE Dividend Type Payments

Excelerate Energy, Inc. Class A dividend

Although EE has no upcoming (meaning, Board-approved and announced) dividends, 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
32.00 35.43 33.24 +0.37 632K 23 1.1B

EE Dividend-Like Income Using Covered Calls

With EE at 33.24, 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% 1.00 0.3
5% 1.66 0.5
10% 3.32 0.9

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
May 15 36.00 0.45 120 0.4 0.57 (1.7%)
Aug 21 36.00 2.60 218 1.2 0.57 (1.7%)
5% Yield On EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 21 36.00 2.60 218 1.2 0.57 (1.7%)
10% Yield On EE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 21 36.00 2.60 218 1.2 0.57 (1.7%)

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