PCTY Dividend Type Payments

Although PCTY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Paylocity Holding Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:00 PM ET):

Paylocity Holding Corporation (PCTY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
171.33	171.77	171.54	-0.10	156K	43	10B

PCTY Dividend-Like Income Using Covered Calls

With PCTY at 171.54, 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%	5.15	1.4
5%	8.58	2.3
10%	17.15	4.7

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 PCTY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	175.00	6.10	64	9.5	3.23 (1.9%)
Sep 19	175.00	3.70	36	10.3	3.23 (1.9%)

5% Yield On PCTY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	175.00	6.10	64	9.5	3.23 (1.9%)
Sep 19	175.00	3.70	36	10.3	3.23 (1.9%)

10% Yield On PCTY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	175.00	6.10	64	9.5	3.23 (1.9%)
Sep 19	175.00	3.70	36	10.3	3.23 (1.9%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SLV dividend	1.	RCAT dividend
2.	PCG dividend	7.	FXI dividend	2.	CLF dividend
3.	IWM dividend	8.	QQQ dividend	3.	RUN dividend
4.	EEM dividend	9.	IBIT dividend	4.	ATYR dividend
5.	SPY dividend	10.	KWEB dividend	5.	DLO dividend

Want more examples? PCRX Dividend | PCY Dividend