PAHC Dividend Type Payments
Although PAHC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Phibro Animal Health Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Phibro Animal Health Corporation - Class A (PAHC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 40.50 | 65.01 | 41.07 | +1.01 | 179K | 24 | 1.6B |
PAHC Dividend-Like Income Using Covered Calls
With PAHC at 41.07, 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% | 1.23 | 0.3 |
| 5% | 2.05 | 0.6 |
| 10% | 4.11 | 1.1 |
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:
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | HYG dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | CRML dividend | |
| 3. | NVDA dividend | 8. | INTC dividend | 3. | ONDS dividend | |
| 4. | IBIT dividend | 9. | TLT dividend | 4. | CIFR dividend | |
| 5. | CORZ dividend | 10. | QQQ dividend | 5. | EOSE dividend | |
Want more examples? PAGS Dividend | PAL Dividend
