IPI Dividend Type Payments
Although IPI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Intrepid Potash, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Intrepid Potash, Inc (IPI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.42 | 30.00 | 26.86 | -1.93 | 297K | - | 0.4B |
IPI Dividend-Like Income Using Covered Calls
With IPI at 26.86, 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% | 0.81 | 0.2 |
| 5% | 1.34 | 0.4 |
| 10% | 2.69 | 0.7 |
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 IPI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 21 | 30.00 | 0.40 | 136 | 0.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | EEM dividend | 1. | CLOV dividend | |
| 2. | NVDA dividend | 7. | TLT dividend | 2. | WOLF dividend | |
| 3. | SLV dividend | 8. | TSLA dividend | 3. | MTCH dividend | |
| 4. | SPY dividend | 9. | EWZ dividend | 4. | UPST dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | RIVN dividend | |
Want more examples? IPGP Dividend | IPO Dividend
