PJT Dividend Type Payments
Although PJT has no upcoming (meaning, Board-approved and announced) dividends, 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 Wed 4:16 PM ET):
PJT Partners Inc. Class A (PJT) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
165.83 | 182.56 | 176.15 | +4.55 | 225K | 30 | 4.2B |
PJT Dividend-Like Income Using Covered Calls
With PJT at 176.15, 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% | 5.28 | 1.4 |
5% | 8.81 | 2.4 |
10% | 17.62 | 4.8 |
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 | |
Aug 15 | 185.00 | 0.90 | 38 | 2.4 | 2.44 (1.4%) | |
Sep 19 | 185.00 | 2.65 | 73 | 3.6 | 2.44 (1.4%) |
5% Yield On PJT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 185.00 | 2.65 | 73 | 3.6 | 2.44 (1.4%) | |
Dec 19 | 185.00 | 7.30 | 164 | 4.5 | 2.44 (1.4%) |
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1. | NVDA dividend | 6. | GLD dividend | 1. | RARE dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | TMC dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | CELC dividend | |
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Want more examples? PJP Dividend | PK Dividend