PJT Dividend

Although PJT has a dividend of 0.25 with an ex-dividend date of Dec 4, you can sell covered calls on PJT Partners 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 Tue 4:16 PM ET):

PJT Partners Inc. Class A (PJT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
138.29	144.02	141.27	+1.57	194K	36	3.3B

PJT Dividend-Like Income Using Covered Calls

With PJT at 141.27, 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%	4.24	1.2
5%	7.06	1.9
10%	14.13	3.9

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 PJT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	145.00	2.35	46	5.1	0.98 (0.7%)
Jun 20	145.00	10.80	228	4.7	0.98 (0.7%)

5% Yield On PJT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	145.00	2.35	46	5.1	0.98 (0.7%)
Jun 20	145.00	10.80	228	4.7	0.98 (0.7%)

10% Yield On PJT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	145.00	2.35	46	5.1	0.98 (0.7%)
Jun 20	145.00	10.80	228	4.7	0.98 (0.7%)

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Want more examples? PJP Dividend | PK Dividend