NMRK Dividend Type Payments
Although NMRK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Newmark Group, Inc. - Class A 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):
| Newmark Group, Inc. - Class A (NMRK) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 19.01 |
19.92 |
19.20 |
-0.08 |
1.3M |
47 |
3.4B |
NMRK Dividend-Like Income Using Covered Calls
With NMRK at 19.20, 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% |
0.58 |
0.2 |
| 5% |
0.96 |
0.3 |
| 10% |
1.92 |
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 NMRK Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Oct 17 |
20.00 |
0.45 |
33 |
1.4 |
0.08 (0.4%) |
| Mar 20 |
20.00 |
1.75 |
187 |
0.9 |
0.08 (0.4%) |
| 5% Yield On NMRK Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Oct 17 |
20.00 |
0.45 |
33 |
1.4 |
0.08 (0.4%) |
| Mar 20 |
20.00 |
1.75 |
187 |
0.9 |
0.08 (0.4%) |
| 10% Yield On NMRK Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Oct 17 |
20.00 |
0.45 |
33 |
1.4 |
0.08 (0.4%) |
| Mar 20 |
20.00 |
1.75 |
187 |
0.9 |
0.08 (0.4%) |
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