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 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
56.80 60.30 57.88 -3.56 218K 5.0 23B

PKX Dividend-Like Income Using Covered Calls

With PKX at 57.88, 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% 1.74 0.5
5% 2.89 0.8
10% 5.79 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
Nov 15 65.00 0.05 10 0.5 4.70 (8.1%)
May 16 60.00 3.30 192 1.6 0.00 (0.0%)
5% Yield On PKX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 60.00 3.30 192 1.6 0.00 (0.0%)
Feb 21 60.00 1.50 108 1.1 0.00 (0.0%)

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Want more examples? PKW Dividend | PL Dividend