OIS Dividend Type Payments
Although OIS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Oil States International, Inc. 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):
| Oil States International, Inc. (OIS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 5.15 | 5.34 | 5.26 | +0.17 | 754K | - | 0.3B |
OIS Dividend-Like Income Using Covered Calls
With OIS at 5.26, 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% | 0.16 | 0.0 |
| 5% | 0.26 | 0.1 |
| 10% | 0.53 | 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 OIS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 7.50 | 0.15 | 277 | 0.1 | 2.16 (41.1%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | WSM dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | ZIM dividend | |
| 3. | IWM dividend | 8. | KWEB dividend | 3. | RGTI dividend | |
| 4. | FXI dividend | 9. | INTC dividend | 4. | OLLI dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | APLD dividend | |
Want more examples? OILU Dividend | OKE Dividend
