PKX Dividend Type Payments

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th dividend

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 Tue 4:16 PM ET):

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th (PKX)
Bid Ask Last Change Volume P/E Market Cap
52.00 54.37 53.95 -0.04 63K 11 20B

PKX Dividend-Like Income Using Covered Calls

With PKX at 53.95, 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% 1.62 0.4
5% 2.70 0.7
10% 5.40 1.5

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
Dec 19 55.00 0.50 11 4.5 0.63 (1.2%)
May 15 55.00 2.95 158 1.9 0.63 (1.2%)
5% Yield On PKX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 55.00 0.50 11 4.5 0.63 (1.2%)
May 15 55.00 2.95 158 1.9 0.63 (1.2%)
10% Yield On PKX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 55.00 0.50 11 4.5 0.63 (1.2%)
May 15 55.00 2.95 158 1.9 0.63 (1.2%)

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