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 Fri 4:16 PM ET):
| POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th (PKX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 55.97 | 57.37 | 55.99 | +2.24 | 170K | 11 | 20B |
PKX Dividend-Like Income Using Covered Calls
With PKX at 55.99, 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% | 1.68 | 0.5 |
| 5% | 2.80 | 0.8 |
| 10% | 5.60 | 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 | |
| May 15 | 60.00 | 2.90 | 204 | 1.4 | 2.63 (4.7%) | |
| Feb 20 | 60.00 | 2.15 | 120 | 1.8 | 2.63 (4.7%) | |
| 5% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 60.00 | 2.90 | 204 | 1.4 | 2.63 (4.7%) | |
| Feb 20 | 60.00 | 2.15 | 120 | 1.8 | 2.63 (4.7%) | |
| 10% Yield On PKX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 60.00 | 2.15 | 120 | 1.8 | 2.63 (4.7%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | UUUU dividend | |
| 2. | KVUE dividend | 7. | HYG dividend | 2. | CRML dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | UPST dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | RXRX dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | LQDA dividend | |
Want more examples? PKW Dividend | PL Dividend
