EQIX Dividend
Although EQIX has a dividend of 4.69 with an ex-dividend date of May 21, you can sell covered calls on Equinix, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:45 AM ET):
| Equinix, Inc. (EQIX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 864.24 | 866.81 | 865.52 | -3.27 | 96K | 91 | 85B |
EQIX Dividend-Like Income Using Covered Calls
With EQIX at 865.52, 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% | 25.97 | 7.1 |
| 5% | 43.28 | 11.9 |
| 10% | 86.55 | 23.7 |
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 EQIX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 870.00 | 43.30 | 94 | 46.1 | 3.19 (0.4%) | |
| May 16 | 870.00 | 4.80 | 3 | 160.0 | 3.19 (0.4%) | |
| 5% Yield On EQIX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 870.00 | 43.30 | 94 | 46.1 | 3.19 (0.4%) | |
| May 16 | 870.00 | 4.80 | 3 | 160.0 | 3.19 (0.4%) | |
| 10% Yield On EQIX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 870.00 | 43.30 | 94 | 46.1 | 3.19 (0.4%) | |
| May 16 | 870.00 | 4.80 | 3 | 160.0 | 3.19 (0.4%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | DOCS dividend | |
| 2. | SPY dividend | 7. | SLV dividend | 2. | CAVA dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | QUBT dividend | |
| 4. | TSLA dividend | 9. | GLD dividend | 4. | NVAX dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | JACK dividend | |
Want more examples? EQIN Dividend | EQL Dividend
