IMOS Dividend Type Payments
Although IMOS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ChipMOS TECHNOLOGIES INC. - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| ChipMOS TECHNOLOGIES INC. - American Depositary Shares (IMOS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 19.33 | 19.73 | 19.73 | +0.20 | 48K | 271 | 0.0B |
IMOS Dividend-Like Income Using Covered Calls
With IMOS at 19.73, 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% | 0.59 | 0.2 |
| 5% | 0.99 | 0.3 |
| 10% | 1.97 | 0.5 |
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 IMOS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 20.00 | 0.30 | 32 | 0.9 | 0.27 (1.4%) | |
| Jan 17 | 20.00 | 0.50 | 60 | 0.8 | 0.27 (1.4%) | |
| 5% Yield On IMOS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 20.00 | 0.30 | 32 | 0.9 | 0.27 (1.4%) | |
| Jan 17 | 20.00 | 0.50 | 60 | 0.8 | 0.27 (1.4%) | |
| 10% Yield On IMOS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 20.00 | 0.30 | 32 | 0.9 | 0.27 (1.4%) | |
| Jan 17 | 20.00 | 0.50 | 60 | 0.8 | 0.27 (1.4%) | |
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| Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
| 2. | SPY dividend | 7. | XLF dividend | 2. | HUT dividend | |
| 3. | EEM dividend | 8. | KWEB dividend | 3. | CRVS dividend | |
| 4. | FXI dividend | 9. | TLT dividend | 4. | ANAB dividend | |
| 5. | IWM dividend | 10. | AAPL dividend | 5. | CLSK dividend | |
Want more examples? IMO Dividend | IMTB Dividend
