EPAC Dividend Type Payments
Although EPAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Enerpac Tool Group Corp. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Enerpac Tool Group Corp. (EPAC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 36.30 | 37.01 | 37.02 | -1.34 | 310K | 24 | 2.1B |
EPAC Dividend-Like Income Using Covered Calls
With EPAC at 37.02, 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% | 1.11 | 0.3 |
| 5% | 1.85 | 0.5 |
| 10% | 3.70 | 1.0 |
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 EPAC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 40.00 | 0.10 | 26 | 0.4 | 2.99 (8.1%) | |
| Feb 20 | 40.00 | 1.05 | 215 | 0.5 | 2.99 (8.1%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | IBIT dividend | 1. | MBX dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | EOSE dividend | |
| 3. | GLD dividend | 8. | AMZN dividend | 3. | WULF dividend | |
| 4. | IWM dividend | 9. | AAPL dividend | 4. | ASTS dividend | |
| 5. | SPY dividend | 10. | QQQ dividend | 5. | NET dividend | |
Want more examples? EOSE Dividend | EPAM Dividend
