EPM Dividend Type Payments
Although EPM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Evolution Petroleum Corporation, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:05 AM ET):
| Evolution Petroleum Corporation, Inc. (EPM) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 3.57 | 3.58 | 3.58 | +0.02 | 69K | 119 | 0.1B |
EPM Dividend-Like Income Using Covered Calls
With EPM at 3.58, 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% | 0.11 | 0.0 |
| 5% | 0.18 | 0.0 |
| 10% | 0.36 | 0.1 |
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 EPM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 5.00 | 0.05 | 120 | 0.0 | 1.42 (39.7%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | ULCC dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | DJT dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | OMER dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | LUNR dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | SGML dividend | |
Want more examples? EPI Dividend | EPOL Dividend
