PKX Dividend Type Payments
Although PKX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th 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):
| POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th (PKX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 55.92 | 57.14 | 56.84 | +0.13 | 107K | 7.9 | 21B |
PKX Dividend-Like Income Using Covered Calls
With PKX at 56.84, 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% | 1.71 | 0.5 |
| 5% | 2.84 | 0.8 |
| 10% | 5.68 | 1.6 |
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 PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 0.25 | 38 | 0.7 | 7.86 (13.8%) | |
| Jul 18 | 60.00 | 0.05 | 10 | 0.5 | 2.86 (5.0%) | |
| 5% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 60.00 | 3.00 | 136 | 2.2 | 2.86 (5.0%) | |
| Feb 20 | 60.00 | 3.40 | 227 | 1.5 | 2.86 (5.0%) | |
| 10% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 60.00 | 3.00 | 136 | 2.2 | 2.86 (5.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 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 | |
| 4. | TSLA dividend | 9. | IBIT dividend | 4. | AEVA dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | PRAX dividend | |
Want more examples? PKW Dividend | PL Dividend
