PJT Dividend

Although PJT has a dividend of 0.25 with an ex-dividend date of Jun 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 Fri 4:16 PM ET):

PJT Partners Inc. Class A (PJT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
138.13	151.50	144.26	-2.26	189K	26	3.6B

PJT Dividend-Like Income Using Covered Calls

With PJT at 144.26, 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%	4.33	1.2
5%	7.21	2.0
10%	14.43	4.0

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
Sep 19	155.00	4.80	134	3.6	3.50 (2.4%)
Dec 19	155.00	8.90	225	4.0	3.50 (2.4%)

5% Yield On PJT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	155.00	4.80	134	3.6	3.50 (2.4%)
Dec 19	155.00	8.90	225	4.0	3.50 (2.4%)

10% Yield On PJT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	155.00	8.90	225	4.0	3.50 (2.4%)

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Want more examples? PJP Dividend | PK Dividend